{"id":13880,"date":"2026-09-29T21:20:46","date_gmt":"2026-09-29T21:20:46","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13880"},"modified":"2026-09-29T21:20:46","modified_gmt":"2026-09-29T21:20:46","slug":"bitcoin-drops-to-82000-on-us-data-and-inflation-fear-is-blamed","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13880","title":{"rendered":"Bitcoin drops to $82,000 on US data, and inflation fear is blamed"},"content":{"rendered":"

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US job openings cooled modestly in August, but September households grew more worried about inflation and interest rates. That split left Bitcoin investors with only part of the case for easier financial conditions after Sept. 29 releases.<\/p>\n

Bitcoin registered an intraday low of $82,775.94 on Tuesday, and a reclaim of the $84,000 support level depends more on the path of yields and new demand than on a single vacancies report.<\/p>\n

The labor and consumer surveys describe different pressures, and neither establishes the cause of Bitcoin’s price.<\/p>\n

Job openings ease as rate worries rise<\/h2>\n

According to the Bureau of Labor Statistics, August job openings were little changed at 7.1 million, down from a revised 7.3 million in July. The July figure was revised upward by 64,000, making the comparison less dramatic.<\/p>\n

Hires changed little at 5.2 million, quits were unchanged at 3.1 million, and layoffs and discharges were essentially unchanged at 1.6 million. The report points to somewhat softer demand for workers, and a slower labor market may ease pressure on interest rates, while a sharp deterioration could also hurt risk appetite.<\/p>\n

The Conference Board’s September consumer confidence index fell to 81.9 from 88.6 in August. Its Expectations Index, based on consumers’ short-term outlook for income, business and labor conditions, declined for a third consecutive month to 63.6. Respondents also described the current job market less favorably.<\/p>\n

Their rate and inflation answers ran counter to a simple \u201csoft jobs, lower yields\u201d interpretation. The share of consumers expecting higher interest rates over the next 12 months rose 5.2% to 68.4%.<\/p>\n

Average expected inflation over that horizon rose to 6.1%, while the median rose to 5.1%, and both increased 0.3% from August.<\/p>\n

The survey was conducted Sept. 1-23, a period that included the Federal Reserve’s Sept. 16 rate increase to a 3.75%-4.00% target range, which provides context for consumers’ answers.<\/p>\n

\"Comparison\"Comparison
Job openings eased to 7.1 million as confidence fell to 81.9 and 68.4% of consumers expected higher rates.<\/figcaption><\/figure>\n

The latest posted Treasury daily par yield curve data put the 10-year rate at 5.24% and the two-year at 4.92% on Sept. 28. The observation precedes Tuesday’s releases, so it does not measure a bond-market reaction to them.<\/p>\n