Bitcoin drops to $82,000 on US data as inflation fears weigh on markets
- —US August job openings came in at 7.1 million, down from a revised 7.3 million in July
- —Conference Board consumer confidence index fell to 81.9 from 88.6 in August
- —68.4% of consumers expect higher interest rates over the next 12 months
- —Spot Bitcoin ETFs saw a net inflow of $31 million on Sept. 28
Why it matters: Bitcoin's path back above $84,000 hinges on Treasury yields and ETF demand rather than a single job openings report.
Source: CryptoSlate