Bitcoin Edges Lower as Traders Weigh Yields After Inflation Data
Bitcoin fell 0.2% to $83,483 in Asia trading after a strong quarter, as traders digested cooler-than-expected U.S. inflation data. While the data initially lowered yield expectations and drove yields down, much of that move was reversed.
S. inflation data. The softer inflation reading had initially eased expectations for another Federal Reserve rate hike in October and pushed yields lower, but much of that move later reversed, s…