Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test
Bitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears. Data from CryptoSlate showed the flagship cryptocurrency trading around $78,451 at press time, with little sign of the pressure spreading across bond and energy markets after an escalation in the Middle East pushed Brent above the threshold for […] The post Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test appeared first on CryptoSlate.
Key Takeaways
- Bitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears.
- Data from CryptoSlate showed the flagship cryptocurrency trading around $78,451 at press time, with little sign of the pressure spreading across bond and energy markets after an escalation in the Middle East pushed Brent above the threshold for […] The post Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test appeared first on CryptoSlate.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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