Bitcoin Slips Ahead of Key U.S. Jobless Claims and Activity Data
Bitcoin fell 1.6% in Asian trading as investors await U.S. jobless claims and preliminary activity figures that could shape Fed expectations.
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what happened
Bitcoin fell 1.6% in Asian trading to $83,291.312, according to Market Talk. Attention is now on U.S. weekly jobless claims due later on Thursday and preliminary U.S. activity data scheduled for Friday.
Ranim Turfa, an analyst at Tickmill, said in a note that stronger U.S. figures could revive expectations of further Fed tightening, push Treasury yields higher and weigh on bitcoin. She added that a rate hike would address inflationary pressures.
why it matters
Borrowing costs matter for crypto. Higher rates and rising Treasury yields tend to reduce investors' appetite for risk, and cryptocurrencies, among the riskiest assets, often react sharply to such signals.
market impact
Bitcoin and crypto market: expectations of Fed tightening and higher yields pressure demand for risk assets
tags
instruments
sources
- Bitcoin Falls; U.S. Data in Focus — Market Talk, 22 October 2026 at 02:22 UTC
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