Bitcoin Slips to $64K, Ethereum Below $1,900 Amid Crypto Market Volatility
Renewed macro uncertainty and leveraged trading triggered the move, while analysts said Bitcoin faces selling near $65,000 and Ethereum has support around $1,860.
- Bitcoin slipped below $64,000 and Ethereum fell below $1,900 on Tuesday as crypto markets faced renewed selling pressure amid macroeconomic uncertainty and leveraged positioning.
- Rising oil prices climbing above $89 a barrel fueled inflation concerns as traders prepared for the July Consumer Price Index report, dampening risk appetite across markets.
- Spot Bitcoin ETF recorded approximately $144 million in net outflows on Monday, ending a multi-day streak of institutional inflows that had supported prices.
- Traders are monitoring the $63,900 support level as a critical midpoint; a break below would expose lower zones near $63,200 and $62,000.
- The Bureau of Labor Statistics will publish July Consumer Price Index data today at 8:30 a.m. Eastern Time, which could influence Federal Reserve policy and Treasury yields affecting Bitcoin.
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The cryptocurrency market is also showing weakness amid stalled negotiations between the U.S. and Iran over the Strait of Hormuz and inflation concerns stemming from rising international oil prices. According to CoinMarketCap, a cryptocurrency market data platform, as of 8:20 AM on the 12th, Bitcoin was trading at $63,527, down 0.61% from the previous day. Ethereum rose 0.33% to $1,878, while XRP fell 0.02% to $1.01
The bitcoin (BTC) operates in fall this Tuesday (11), negotiated at $64,000, while investors await new inflation data in the United States. The market reading is that the asset follows without force to break the recent trading band before a clearer signaling on American interest. At around 10:00, the bitcoin was traded at $64,303.51, with a 0.9% decrease in the last 24 hours, according to CoinGecko data. In reality, the asset worth R$329,168.75,…
Bitcoin price falls 2% as CPI puts $63.9K at risk
Bitcoin price fell below $64,000 on Aug. 11 as rising oil prices and uncertainty before the U.S. inflation report weakened risk appetite, leaving traders focused on whether the $63,900 support level can prevent a deeper correction. Bitcoin price drops below…
The Economic Times
Times of IndiaBitcoin slips to $64K, Ethereum below $1,900 amid crypto market volatility
Bitcoin slipped below the $64,000 mark and Ethereum fell below $1,900 on Tuesday as crypto markets came under renewed pressure amid macroeconomic uncertainty and leveraged positioning, triggering another bout of volatility. Bitcoin was trading at $63,906, while Ethereum stood at $1,871.
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