Bitcoin Price Slips Below $64K Amid Rising Oil Prices and Inflation Concerns

The Bitcoin price fell below $64,000 on August 11 as investors reduced exposure to risk assets ahead of fresh U.S. inflation data.

Rising oil prices and higher Treasury yields renewed concerns about the Federal Reserve's interest-rate outlook, leading to a decline in Ethereum and XRP prices as well.

However, several smaller cryptocurrencies continued to gain value, highlighting an increasingly mixed cryptocurrency market.