Bitcoin holds above $80,000 as stocks sink and Treasury yields climb on hot inflation data
Crypto Briefing
Bitcoin remains above $80,000 despite market volatility and rising Treasury yields triggered by higher-than-expected US inflation data.Summary
Bitcoin is maintaining a price above $80,000 despite a broader market downturn characterized by falling stock prices and rising Treasury yields. This divergence follows a hotter-than-expected US inflation report, which typically exerts downward pressure on risk assets. Unlike equity investors, Bitcoin holders appear to be in a consolidation phase rather than a sell-off, supported by steady accumulation from long-term holders and consistent institutional demand through spot Bitcoin ETFs. While the asset faces resistance near $82,000, on-chain metrics suggest current market conviction remains stable, distinguishing Bitcoin from the recent performance of traditional equities.
(Source：Crypto Briefing)