Bitcoin Falls to $82,775 as US Consumers Expect Higher Rates
- —Bitcoin hit an intraday low of $82,775.94, down 3.33% on the week
- —US consumer confidence fell to 81.9 in September from 88.6
- —68.4% of consumers expect higher interest rates over the next year
- —CryptoQuant sees first support near $80,000, then $71,000 and $67,000
Why it matters: Rising rate expectations and cooling demand weigh on Bitcoin; PCE data on Sept. 30 and the jobs report on Oct. 2 will set the near-term direction.
Source: Blockonomi