Bitcoin Rallies After Softer PCE Inflation Print, Even as Bond Yields Touch 20-Year Highs

Cooler PCE inflation data supports the disinflation narrative and can improve risk appetite, coinciding with a reported jump in Bitcoin. However, bond yields hitting 20-year highs tightens financial conditions and can cap upside by raising real-rate and opportunity-cost pressures. Near-term, the mix points to heightened cross-asset sensitivity, with BTC reacting to macro prints and rate volatility.