Bitcoin Slips Below $82,000 as US Inflation Runs Hot
Bitcoin dropped below $82,000 as elevated oil prices fueled US inflation and bond yields moved toward fresh 24-year highs.
Bitcoin traded below $82,000 amid a hotter US Consumer Price Index reading, Cointelegraph reported.
High oil prices contributed to the inflation pressure, putting energy costs at the center of the latest price data.
Bond yields also moved toward new 24-year highs, with Bitcoin's decline coinciding with the rise in yields.
Source: Cointelegraph
