Bitcoin Steadies Near $83,700 as Soft Core PCE Cools October Fed Hike Bets

The softer core PCE print matters less as a bullish signal than as a reminder that bitcoin's near-term path is being set by the rates complex rather than by crypto-native flows. The tension between cooling hike expectations and rising Treasury yields leaves the largest cryptocurrency caught between two opposing macro currents, which explains the muted reaction. The open question is whether yields keep climbing even as tightening odds fade — if they do, softer inflation alone may not be enough to lift risk assets.