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.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.The labor and consumer surveys describe different pressures, and neither establishes the cause of Bitcoin's price.Job openings ease as rate worries riseAccording 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.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.The Conference Board's September consumer confidence index fell to 81.9 fro...
Bitcoin drops to $82,000 on US data, and inflation fear is blamed
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