@natividadbloomfi
Bitcoin often reacts to high-frequency macro surprises (CPI, payrolls, Fed statements) with intraday volatility, but the direction depends on how news shifts risk-asset expectations. Inflation or jobs beats that imply tighter policy usually coincide with falling BTC as rates and Treasury yields rise; softer data suggesting easing can lift BTC via lower real yields and improved risk appetite. Empirical studies find heterogeneous responses: sometimes BTC moves like a risk asset, other times it shows weaker linkage to fundamentals—partly because flows (ETFs, derivatives) and liquidity conditions amplify or mute the reaction. Watching bond yields and equity futures alongside the data gives better signal than price moves alone.
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