BTC/USD Spikes Toward $80K Despite 22-Year Bond Yield High

Bitcoin's rebound past $79,000 came against a backdrop many traders would have called bearish just years ago: US Treasury yields hitting a 22-year high following the latest CPI print. Inflation data landed exactly at consensus, removing a key uncertainty that had kept risk assets pinned down heading into the release.

The reaction underscores a shifting correlation dynamic. Rather than selling off alongside bond markets, BTC/USD moved in tandem with US equities, both turning green as the 'meets expectations' outcome was interpreted as reducing near-term Fed hawkishness risk.

For traders, the $79-80K zone now becomes a key pivot to watch. A sustained close above this range on strong volume could open the door to retesting higher resistance, while failure to hold could see BTC drift back toward recent consolidation lows.