Oct 1: Bitcoin Holds $84K
Bitcoin remains around $84,000 even as the 10-year Treasury yield pushes above 5.3%, its highest level since 2002. August PCE inflation came in cooler than expected, while Bitcoin ETFs recorded roughly $139 million in net outflows. Citi nevertheless raised its 12-month Bitcoin target from $82,000 to $113,000 and its Ethereum target from $2,240 to $3,028. The Treasury's expanded long-duration bond buyback program is also feeding a larger debate about debt management, liquidity and the growing role stablecoin issuers could play as buyers of short-term government debt.
European regulators are…
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