Bitcoin Trades Near $83.3K, Eyes US Inflation Data
Bitcoin is trading at $83,327, up 0.6% over the past 24 hours, as traders await upcoming US inflation data. October rate-hike odds have slumped to 19.4% for the Fed's meeting on October 28, down from 42.5% a month ago. However, analysts note that US Treasury yields remain at two-decade highs, with the 10-year yield at 5.24% and the 30-year yield at 5.60%, which continues to curb risk appetite.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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