Bitcoin (BTC) price trades below $84,000 on Thursday, extending losses after a 2% decline the previous day. The pullback aligns with renewed inflation and rate-hike concerns, as US composite and services PMIs rose to 58.4 and 58.7 in September. Worldcoin (WLD) and Pepe (PEPE) recorded double-digit losses over the last 24 hours, emerging as the worst performers.

Crypto market risk-on sentiment takes a hit

The US composite and services PMIs rose to 58.4 and 58.7 in September, suggesting increased prices paid by businesses, as previously reported by FXStreet. This adds to inflation concerns and increases the odds that the US Federal Reserve (Fed) will raise interest rates at its October meeting.

The FedWatch Tool indicates a roughly 70%…