From TokenPost · · 50s
Bitcoin Holds Above $83,000
Bitcoin stays above $83,000 as dollar strength and rising Treasury yields prepare markets for Wednesday's inflation report.
In brief
Bitcoin stays above $83,000 as dollar strength and rising Treasury yields prepare markets for Wednesday's inflation report. Bitcoin held above $83,000 Monday as stronger dollar and rising U.S. Treasury yields pressured markets ahead of Wednesday's inflation report. Originally reported by TokenPost.
Bitcoin Holds Above $83,000
Bitcoin held above $83,000 Monday as a stronger dollar and rising U.S. Treasury yields pressured markets ahead of Wednesday’s inflation report.
Market Reactions
Bitcoin and gold each fell about 0.5%, with gold trading near $4,180 an ounce. The dollar index stayed above 102.4, while Treasury yields moved higher.
Inflation Report Impact
The U.S. consumer price index report is due Wednesday, Oct. 14. Market expectations call for core CPI to rise 2.5% from a year earlier and headline CPI to increase 3.7%.
At a glance
Bitcoin held above $83,000 Monday as stronger dollar and rising U.S. Treasury yields pressured markets ahead of Wednesday's inflation report.
