
Bitcoin Holds Near $64K as CPI Data Cools and Altcoins Rally
Bitcoin is trading close to $64,000 as softer U.S. inflation data enters the picture, while altcoins are quietly picking up ground across the market.
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Bitcoin is trading close to $64,000 as softer U.S. inflation data enters the picture, while altcoins are quietly picking up ground across the market.

Bitcoin fell on August 12 despite a softer-than-expected inflation reading, highlighting the disconnect between macro data and crypto market sentiment.

Two major US economic releases land Wednesday: the final July Services PMI and ADP private payrolls data. Both can move crypto prices sharply.

The Federal Reserve is reportedly weighing a plan to reduce its scheduled FOMC meetings from eight to six annually, a structural shift that could reshape market expectations.

Bitcoin struggled to hold ground near $64,000 after the Federal Reserve kept interest rates unchanged, failing to spark the rally crypto traders had hoped for.

Bitcoin is trading cautiously on July 27 as the crypto market waits for signals from the Federal Reserve's upcoming policy meeting.

Markets are watching U.S. June durable goods orders closely today, with the data set to influence both traditional finance and crypto sentiment heading into the week.

Bitcoin is trading near $66,000 as renewed fears of a Federal Reserve interest rate hike put pressure on the broader crypto market.

July 16 brings a packed schedule for markets, with US June retail sales topping the list of data releases that traders in both equities and crypto will be watching.

Markets are watching US June PPI data and a slate of Federal Reserve speakers today, with crypto traders also tracking key scheduled events that could move prices.

Key macro events on July 8 include the release of June FOMC minutes and US crude oil inventory data, both capable of moving crypto and broader markets.

Markets are watching the US June S&P Global Services PMI release alongside a packed schedule of economic and crypto events that could move prices today.