Markets: U.S. CPI rises 3.4% as expected; Treasury yields slip; bitcoin:native steady near $64,000 with rate-cut bets intact

U.S. CPI at 3.4% matched expectations, reducing upside inflation surprise risk and supporting existing rate-cut pricing. The drop in Treasury yields signals easier financial conditions at the margin, which tends to stabilize risk appetite. Bitcoin holding near $64K suggests the macro print did not force rapid deleveraging, keeping crypto positioning and broader risk markets anchored to the rates narrative.