Bitcoin Slips Below $62,800 as Inflation Report Fails to Spark Relief Rally

Crypto markets are experiencing a pullback on August 15, 2026, as Bitcoin slips toward $62,800. The price of Bitcoin has dropped 0.92% over the past 24 hours and 3.34% over the week, indicating a downward trend.

The market's response to the recent inflation report was expected to be a relief rally, but it didn't materialize. Institutional flows failed to provide any follow-through after the release, with US spot Bitcoin ETFs recording a meaningful outflow session in the days immediately after CPI.

Some analysts now argue that the old mechanical relationship between cooling inflation data and ETF buying has weakened. Flows increasingly follow price momentum rather than macro releases, meaning a good CPI print no longer guarantees fresh institutional demand.