Bitcoin Dips After US Inflation Data Matches Forecasts

Bitcoin dropped to around $63,500 following July's inflation report that matched expectations. This led to a decrease in the probability of a September Federal Reserve rate hike from 46% to 38%. The inflation data reassured markets but did not spark strong gains in digital assets.

Most cryptocurrencies, including Dogecoin and XRP, showed declines. South Korea's KOSPI index entered a bull market, rising over 20% since July. AI-focused tech stocks like Super Micro Computer and CoreWeave surged 19% on strong quarterly results.