Neutral impactCommodity
Bitcoin near $64,000 as crypto markets turn cautious ahead of US CPI. Here is what expert say
Economic Times 1 hr ago·12 Aug 2026, 9:54 am
Bitcoin is trading close to $64,000, but the market is currently in a holding pattern as investors wait for the release of US inflation data. The broader crypto market is showing little movement, with many traders adopting a cautious approach until the economic indicators are revealed.
This pause in activity is significant because the upcoming data could heavily influence the Federal Reserve's future interest rate decisions. A higher-than-expected reading might dampen hopes for rate cuts, which could negatively impact riskier assets like cryptocurrencies. Conversely, a softer reading could fuel a rally.
Investors are closely watching key technical levels, specifically support around $63,000 and resistance above $64,500. A sustained move above $64,500 would be a positive sign, while a drop below support could trigger further selling pressure.
Key takeaways
- Category: Commodity.
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A routine update. Use the price and stock snapshot to gauge how the market is responding.
