EconomyBitcoin’s $85,000 test comes as Wall Street gets two inflation stories
Bitcoin fell as low as $82,563, near Glassnode’s identified $84,000–$85,000 long-term holder cost cluster. Upcoming PCE, ISM, JOLTS and payroll data may send conflicting signals on inflation, jobs and the Federal Reserve’s rate path. Rising business costs could push yields and rate expectations higher even after a soft PCE reading.
Bitcoin’s $85,000 test comes as Wall Street gets two inflation stories
Economy