Bitcoin drops to $82,000 on US data, and inflation fear is blamed
Bitcoin dropped to an intraday low of $82,775.94 following mixed US economic data showing cooling job openings alongside rising consumer anxiety over inflation and interest rates.
Analysis coverage from Finance.
Bitcoin dropped to an intraday low of $82,775.94 following mixed US economic data showing cooling job openings alongside rising consumer anxiety over inflation and interest rates.
Altcoin spot volume surged to nearly four times that of Bitcoin as retail traders liquidated Bitcoin to fund altcoin investments, even as U.S. spot Bitcoin ETF inflows experienced a consecutive…
August already felt the disruption; Thursday’s September factory survey and Friday’s payrolls test what follows. The post Bitcoin’s $85,000 test comes as Wall Street gets two different inflation stories appeared…