Reported about 18 hours ago
Bitcoin's price briefly fell below $95,000 due to unexpectedly high inflation data, dampening hopes for a Federal Reserve rate cut. The cryptocurrency has shown volatility despite substantial inflows into spot bitcoin ETFs this year, and recent trends suggest a correlation between bitcoin and risk-on assets like stocks. Investors are now weighing the attractiveness of Treasuries against bitcoin as inflation and interest rate concerns mount.
Source: YAHOO