Bitcoin Drops to $82,775 as US Inflation Fears and Weak Consumer Confidence Weigh

Bitcoin retreated to an intraday low of $82,775.94, dropping 3.33% over the week following mixed U.S. macroeconomic data. The decline came as the Conference Board's September consumer confidence index slid to 81.9 from 88.6 in August, with 68.4% of respondents expecting higher interest rates over the next year. Meanwhile, August job openings moderated to 7.1 million from a revised 7.3 million. High Treasury yields and cooling spot demand, which fell by 170,000 BTC over 30 days alongside subdued spot ETF inflows of $31 million on September 28, exerted additional downward pressure.