US 10 Year Treasury Yields

Bitcoin is under renewed pressure after hotter-than-expected US CPI data revived inflation concerns and lifted rate hike expectations. Technical traders are watching a bear flag setup that could expose BTC to a move toward $78,218 if key support fails.

Bitcoin is under renewed pressure after hotter-than-expected US CPI data revived concerns about sticky inflation and tighter Federal Reserve policy. Technical traders are watching a bear flag structure that could expose BTC to a move toward $78,218 if key support fails.

GBP/USD is pressing near the 1.3500 area after a short-term upswing, but the pair remains trapped inside a broad range that has dominated for well over one year. FXCOINZ market coverage shows traders are watching US Treasury involvement around the yen, resilient US yields and the 1.3500 level for clues on whether cable can extend higher or fade again.