Bitcoin Tops $85,000 on Softer Inflation Data
Bitcoin surpassed $85,000 on Wednesday, driven by cooler-than-expected U.S. inflation data that lowered Treasury yields and boosted risk assets after a period of low sentiment.
S. inflation data came in cooler than anticipated, with Treasury yields moving lower and risk assets getting a lift after several days of subdued sentiment. The flagship cryptocurrency was 2% higher at $85,354 in afternoon London trade.