## Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall ## A cooler-than-expected PCE report sent bitcoin briefly above $85,000 on Wednesday. Treasury yields held near their highest since 2002 and the gains drained away. - Bitcoin traded just above $83,700 after briefly topping $85,500 on a softer-than-expected U.S. inflation report. - Persistently high Treasury yields erased much of crypto’s advance, with the 10-year yield near 5.3 percent and the 30-year yield close to its highest level since 2002. - HYPE and Dogecoin led major cryptocurrencies higher, while Solana…