A cooler-than-expected PCE report sent bitcoin briefly above $85,000 on Wednesday. Treasury yields held near their highest since 2002 and the gains drained away. Bitcoin traded just above $83,700 after briefly topping $85,500 on a softer-than-expected U.S. inflation report. Persistently high Treasury yields erased much of crypto’s advance, with the 10-year yield near 5.3 percent and the 30-year yield close to its highest level since 2002. HYPE and Dogecoin led major cryptocurrencies higher, whi…
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