Bitcoin Rebounds Past $79K as US CPI Meets Expectations

The significance here is that crypto's bounce is being driven by a macro print rather than anything native to the asset class — an inflation reading that merely matched forecasts was enough to lift both bitcoin and equities, which says more about how low the bar for relief has become than about underlying demand. The simultaneous 22-year high in bond yields is the tension worth noting: risk assets rallied even as the risk-free alternative got more attractive, a combination that historically does not persist. Whether bitcoin can hold above the level it reclaimed once the yield move is digested is the open question.