EconomyBitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test
Bitcoin is holding above $78,000 as Brent crude moves past $100 and Treasury yields rise, reviving inflation concerns. Talos says Bitcoin’s correlation with gold has reached its highest level since 2020, but elevated real yields and leveraged derivatives could leave it vulnerable when economic data prompts markets to price tighter Federal Reserve policy.
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CryptoSlate★★★☆☆2026-09-09 15:05Original
Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test
Economy