Inflation Uptick, Crypto Calm: What's Next?

Core PCE inflation likely rose in September, marking 55 months above the Feds 2% target. Despite this, crypto markets remain calm, with Bitcoins volatility index around 36%. A soft inflation report could push the ten-year Treasury yield below 4%, potentially boosting Bitcoins price. However, experts warn that any drop in yield might not last, affecting other cryptocurrencies like Ether, Solana, and XRP.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.