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Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs

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Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs

The Fed's favorite inflation gauge came in cooler than expected, rate-hike odds fell and Bitcoin traders took the hint.

Key Takeaways

  1. The Fed's favorite inflation gauge came in cooler than expected, rate-hike odds fell and Bitcoin traders took the hint.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.

Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs | IndiCrypto