Crypto
Bitcoin Falls Below $64K as Inflation Data Looms
Bitcoin's price slipped below $64,000 on August 11 as traders pulled back ahead of fresh U.S. inflation data and rising oil prices fueled concerns about the Federal Reserve's interest rate path.
The cryptocurrency traded near $63,855, down 1.6%, after failing to sustain support above $65,000 this week.
Ethereum fell 2.2% and XRP lost 2.1%, while other altcoins showed mixed results with some gaining against the broader weakness in the market.
The upcoming U.S. CPI release on Wednesday is now the key catalyst for traders to watch, with a move below $63,000 putting pressure on the latest recovery in the market.