
Crypto
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.
By Jordan Blake2 min read
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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 events shape market attention on Aug. 12: the US July CPI inflation report and a scheduled Aptos token unlock. Here is what traders are 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.