Bitcoin hit $85,500 on Wednesday following a softer-than-expected US PCE reading, before slipping back to around $83,500 on Thursday. US long-term rates remain stubbornly high: the ten-year Treasury yield hovers near 5.28% while the thirty-year rate climbed to 5.62%, a level not seen since 2002, weighing on a non-yielding asset. US Bitcoin ETFs logged their ninth consecutive day of inflows, with $3.1 billion raised over the full streak, though the daily pace is slowing. Ether trades around $2,670, with Bitcoin posting its best quarter since 2024 and Ether its best since 2021. The next major test comes Friday with the September US employment report.
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