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Home›Crypto›Market Structure›Bitcoin slips as rates rise and consumer confidence si…

Bitcoin slips as rates rise and consumer confidence sinks

The Conference Board said its Consumer Confidence Index fell to its lowest level in more than a decade in September.

Reported · Written up by our desk · Market Structure

CoinDesk reports that Bitcoin traded lower as interest rates rose alongside a sharp deterioration in consumer sentiment.

The Conference Board's Consumer Confidence Index dropped to its lowest level in more than a decade in September.

In the report, the index also reflected weaker expectations for business conditions and continued labor market weakening.

Latest closeBitcoin $81,660.31 ▼1.9%

← Newer storyBitcoin holds near $84,000 as consumer confidence hits a 10-year low

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Sources

CoinDeskLive updates: Bitcoin turns lower as rates rise, consumer confidence plunges

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