Bitcoin snapped higher and briefly reclaimed the $79,000 level right after the latest US inflation (CPI) print landed in line with market expectations. Over on Wall Street, stocks flipped green and US Treasury yields soared to a fresh 22-year high.

BTC Makes a Run at $80K

Bitcoin’s move shot the price above $79,000, putting it just shy of the psychological $80,000 barrier. The rally came as macro data dropped, with the crypto market still ultra-sensitive to those headlines.

CPI Meets Forecasts: Markets React

The US Consumer Price Index came in right on consensus. That gave a boost to risk assets: major US equity indexes turned positive across the board, and appetite for higher-yield plays picked up.

Treasury Yields Hit 22-Year High

At the same time, yields on US Treasuries hit a new 22-year peak. The combo of strong yields and a CPI print that didn’t surprise set the tone for a quick shakeup in positioning, sparking volatility in BTC and sending stocks higher.