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$79,000 is the level Bitcoin ($BTC) briefly cleared, spiking toward $80,000, after US consumer price index data landed at consensus, a release that also pushed US equities into positive territory.
Bond yields set a fresh 22-year high on the same print. The two moves do not point the same direction. A 22-year peak in bond yields raises the return on capital competing with every risk asset, Bitcoin included.
CPI meeting expectations removed a hot-print scenario, and markets read that as clearance: stocks turned green, Bitcoin followed. The gap between "in-line" and "cooling" is what matters here.
In-line data does not reduce the yield pressure already in the market. What the yield level means for $BTC At a 22-year high, the risk-free rate sets a hard hurdle.
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