Bitcoin traded near 63,000 dollars after U.S. consumer prices rose 0.1% in July, while annual inflation eased to 3.4% and core CPI increased 0.2%.
Bitcoin rose past $64,000 after June U.S. CPI fell 0.4%, its largest monthly drop since April 2020, easing one inflation concern before the Fed's July meeting.
Bitcoin plunged between $3,000 and $4,000 in minutes as long liquidations spiked. Here’s what exchange outflows can and cannot prove, and what to watch next.