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Bitcoin Holds Above $83,000 Amid Dollar Strength
Bitcoin and gold prices remain relatively stable at $83,000 and $4,180 per ounce, respectively, as the dollar strengthens and bond yields rise. Tech futures are slightly lower, while WTI crude oil is slightly higher at $92 per barrel. The dollar index is above 102.4, indicating a firm currency. The week's key macroeconomic event is the upcoming U.S. inflation report, expected to show core inflation at 2.5% and headline inflation at 3.7%, marking a reacceleration from the previous month. Additionally, IREN, a company that has transitioned from bitcoin mining to AI infrastructure, has secured a multiyear cloud services agreement with artificial intelligence firm Anthropic, with IREN's shares up 4% pre-market.