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Bitcoin's Soft Inflation Surge to $85,500 Dims as Bond Yields Remain Stubbornly High
Bitcoin’s brief surge past the $85,000 threshold on Wednesday was sparked by a surprisingly modest Personal Consumption Expenditures (PCE) report, a key gauge of inflation that many investors watch closely. The data suggested that price pressures in the United States were cooling more than many analysts had anticipated, providing a short‑lived boost to risk‑on assets, including the world’s larges…
Oct. 1, 2026, 4:15 a.m.
Markets
Bitcoin’s Soft‑Inflation Surge to $85,500 Fades as Treasury Yields Remain Stubbornly High
The cryptocurrency market witnessed a brief, eye‑catching spike in Bitcoin’s price on Wednesday, driven primarily by a softer‑than‑expected Personal Consumption Expenditures (PCE) report that hinted at a cooling in U.S. inflation. For a fleeting moment, the world’s leading digital asset breached the $85,000 threshold, a level that many traders had been eyeing as a potential psychological barrier.…
Oct. 1, 2026, 4:15 a.m.
Markets
Bitcoin's Soft-Inflation Surge to $85,500 Dims as Bond Yields Remain Elevated
Bitcoin’s brief ascent past the $85,000 threshold on Wednesday was driven by a softer‑than‑expected Personal Consumption Expenditures (PCE) report, a key gauge of inflation that the Federal Reserve watches closely. When the PCE data came in cooler than analysts had forecast, market participants interpreted it as a signal that price pressures might be easing, prompting a short‑term surge in risk‑o…
Oct. 1, 2026, 4:15 a.m.
Markets
Bitcoin’s Soft‑Inflation Surge to $85,500 Dims as Bond Yields Remain Elevated
Bitcoin’s recent flirtation with the $85,500 mark was short‑lived, as the cryptocurrency’s price momentum was quickly neutralised by stubbornly high Treasury yields. The episode began with the release of a Personal Consumption Expenditures (PCE) report that showed inflation cooling more than economists had anticipated. Because the PCE index is the Federal Reserve’s preferred gauge of price pressu…
Oct. 1, 2026, 4:15 a.m.
Markets
Bitcoin’s Soft‑Inflation Surge to $85,500 Fades as Bond Yields Remain Stubbornly High
Bitcoin’s recent price action has been a roller‑coaster, driven largely by macroeconomic data and the behavior of U.S. Treasury yields. On Wednesday, a personal consumption expenditures (PCE) report that came in cooler than analysts had forecast provided a brief burst of optimism for the world’s largest cryptocurrency. The data suggested that inflation pressures were easing more than expected, pr…
Oct. 1, 2026, 4:15 a.m.
Markets
Bitcoin's Soft-Inflation Surge to $85,500 Loses Momentum as Bond Yields Remain Elevated
Bitcoin’s recent flirtation with the $85,000 mark was more a flash of optimism than a sustained breakout, and the crypto’s momentum quickly evaporated as broader financial markets continued to wrestle with stubbornly high Treasury yields. The catalyst for the brief price surge was a personal consumption expenditures (PCE) report that came in cooler than analysts had forecast, suggesting that infl…
Oct. 1, 2026, 4:15 a.m.
Markets
Bitcoin's Modest Inflation Surge to $85,500 Diminishes as Bond Yields Remain Stubbornly High
Bitcoin’s brief surge to the $85,500 level on Wednesday was a striking illustration of how quickly the cryptocurrency market can react to macroeconomic data, only to be pulled back almost as fast when broader financial conditions shift. The catalyst for the rally was a personal consumption expenditures (PCE) report that came in cooler than most analysts had forecast. The PCE index, which the Fede…
Oct. 1, 2026, 4:15 a.m.
Markets
Bitget Intruders Transfer $4 Million to Zcash’s Confidential Pool, Obscuring Fund Trails
In a striking development that underscores the evolving tactics of cryptocurrency criminals, a group of hackers linked to the recent Bitget breach have moved an estimated four million dollars’ worth of Zcash (ZEC) into a specialized privacy‑enhancing pool known as Iron Wood. This maneuver effectively shrouds the flow of the stolen assets, making it considerably more difficult for investigators, a…
Sept. 30, 2026, 11:04 a.m.
Markets
Bitget Intruders Transfer $4 Million to Zcash's Confidential Pool, Obscuring Fund Trails
In a recent development that has sent shockwaves through the cryptocurrency community, a group of attackers associated with the Bitget exchange managed to relocate approximately four million dollars worth of Zcash (ZEC) into a specialized privacy-oriented pool known as Iron Wood. This maneuver not only represents a significant portion of the total assets stolen in the broader Bitget breach, but i…
Sept. 30, 2026, 11:04 a.m.
Markets
Bitget Intruders Transfer $4 Million to Zcash’s Private Pool, Obscuring Trail of Stolen Funds
In a striking development that underscores the growing sophistication of cryptocurrency theft, a group of hackers who breached the Bitget exchange earlier this year have now funneled approximately four million dollars’ worth of Zcash (ZEC) into a privacy‑enhanced pool known as Iron Wood. This maneuver, which took place over a series of three distinct transfers, effectively shrouds a sizable porti…
Sept. 30, 2026, 11:04 a.m.