Bitcoin started the week cautiously: constrained by the strengthening US dollar and rising US Treasury yields

Due to the strengthening of the US dollar and rising US Treasury yields, the market started cautiously this week. Bitcoin traded above $83,000, while gold hovered around $4,180 per ounce, both down about 0.5%. Technology stock futures dipped slightly, WTI crude oil rose above $92 per barrel, and the US dollar index (DXY) remained above 102.4.

The US inflation data to be released this Wednesday will become the focus of the market. The market expects the year-on-year growth rate of the US core CPI to be 2.5%, and the overall CPI year-on-year growth rate to be 3.7%. If these expectations are met, it will accelerate compared to last month and may further influence the market's judgment on the Federal Reserve's monetary policy. In addition, according to market news, IREN, which has shifted from Bitcoin mining to AI infrastructure business, has reached a multi-year cloud service agreement with the AI company Anthropic. Following the announcement, IREN's US stock rose about 4% in pre-market trading.