Bitcoin traded around $84,000 with modest gains while U.S. 30-year Treasury yields climbed to levels not seen in nearly two decades. Persistent inflation concerns, mixed U.S.-Iran signals, and oil prices above $105 per barrel kept markets on edge. Traders are now focused on upcoming U.S. inflation and jobs data that will shape expectations around future Fed rate decisions.
What it moves
BTC
Bull vs bear
Bulls see Bitcoin holding firm near current levels as a hedge against sticky inflation and elevated yields that erode fiat confidence. Bears argue that hotter-than-expected inflation prints and rising real yields could trigger risk-off flows, pressuring BTC lower if equities weaken.