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Edition 2026-09-30

CRYPTO

Bitcoin dips to $82,775 amid rising inflation concerns and mixed labor data

Bitcoin fell to an intraday low of $82,775.94 on Tuesday, testing a key support level as inflation expectations climbed and labor market indicators showed modest cooling.

By cryptoslate · 22d ago · Source: cryptoslate

Full article

Bitcoin fell to an intraday low of $82,775.94 on Tuesday, testing a key support level as inflation expectations climbed and labor market indicators showed modest cooling. August job openings slipped to 7.1 million from a revised 7.3 million in July, with hires holding steady at 5.2 million and quits unchanged at 3.1 million, according to the Bureau of Labor Statistics. The Federal Reserve's September 16 rate hike to a 3.75%-4.00% target range preceded the releases, shaping consumer outlooks. The Conference Board's September consumer confidence index dropped to 81.9 from 88.6, with its Expectations Index falling to 63.6 for a third consecutive month. Sixty-eight point four percent of respondents anticipated higher interest rates over the next year, while expected inflation over the same horizon rose to 6.1%. Treasury yields stood at 5.24% for the 10-year and 4.92% for the two-year as of September 28, reflecting elevated rates that contrast with Bitcoin's lack of yield. The Conference Board noted that consumer sentiment about the job market weakened alongside growing rate concerns. Meanwhile, spot Bitcoin ETFs recorded a $31 million net inflow on September 28, smaller than recent sessions, indicating muted buyer interest amid persistent yields. August personal income and outlays, including PCE inflation data, are scheduled for release on September 30, followed by the September employment report on October 2. Bitcoin's path above $84,000 will depend on whether upcoming economic data eases yield pressures and sustains ETF inflows, or whether inflation remains elevated and rates stay high.

Source transparency

Publisher
cryptoslate
Reliability
high
Published
9/30/2026, 6:21:21 PM
Retrieved
9/30/2026, 6:21:21 PM
Relevance
80%
Confidence
85%
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