By Rae Wee
SINGAPORE (Reuters) – Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world’s largest economy.
Bitcoin steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump’s return to the White House and the view that his administration will be a boon for cryptocurrencies.
The world’s largest cryptocurrency last traded 1.7% higher at $90,151, having already soared more than 30% on a two-week rolling basis.
In the broader market, traders responded to a U.S. inflation print that was in line with expectations by ramping up bets of a Federal Reserve rate cut next month, though the monetary policy outlook for…
