Crypto Prices Cautious Ahead of CPI Report

Crypto prices remain cautious ahead of the Consumer Price Index (CPI) report on Friday. Bitcoin holds near USD 78,450, up 0.7% over the past 24 hours.

The US Treasury's buyback of long-term bonds briefly lifted yields earlier this week, adding a fresh variable to Bitcoin's macro backdrop. Traders are watching the 10-year yield closely, with a move above 5% seen as a risk.

Zcash has gained more than 51% over the past seven days, leading all major coins. The rally followed Grayscale's conversion of its Zcash Trust into a spot ETF on NYSE Arca.