TREE NEWS reports: Bitcoin fell alongside US stocks after US producer price inflation came in higher than expected and oil prices surged, pushing the 30-year US Treasury yield to a new 19-year high. The moves came as high inflation and rising bond yields weighed on risk assets.
Bitcoin slides as US PPI overshoot lifts 30-year bond yield to 19-year high
Related Coin Charts
AI take
The notable element is the transmission channel: a hot producer price print is reaching bitcoin through the long end of the Treasury curve rather than through crypto-specific news, which reinforces how tightly the asset now trades with macro risk sentiment. A 19-year high in 30-year yields raises the discount rate applied to all long-duration assets, and bitcoin is being treated as one of them. The open question is whether this macro-driven correlation persists, or whether crypto-specific flows reassert themselves once the rates shock fades.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7m ago
Dollar Rises 0.5% Against Yen to 158.73
12m ago
SK Hynix’s $45B New York NAND plant plan hits setback
19m ago
Onshore Yuan Closes at 6.6718 per Dollar, Down 236 Pips
35m ago
Kraken probes inaccurate estimated liquidation prices on Kraken Pro
39m ago
Gemini launches hourly and daily settlement futures contracts
48m ago
BMW cuts full-year auto EBIT margin forecast to -0.5%–0.5%