Weak US Economy and 4.7% Inflation Expectations Weigh on Bitcoin Near $80K
- —US consumer sentiment index was 48 in October versus 48.1 in September
- —One-year inflation expectations rose to 4.7%, longer-term to 3.5%
- —Buying conditions for durable goods fell 18% in a month
- —Bitcoin trades near $80,000 amid uneven ETF outflows
Why it matters: A weak economy without rate cuts deprives crypto of fresh liquidity; the October 29 PCE print will set the near-term direction.
Source: Cointribune