Bitcoin Stuck Near $63,000 as Market Awaits FOMC Clarity

Bitcoin is stuck in a narrow trading range around $63,025, down 0.2% over the last 24 hours as of August 17, 2026.

The cryptocurrency's inability to break decisively above $65,000, combined with geopolitical and macroeconomic headwinds, has left traders cautious and range-bound.

Investors are eyeing the Federal Open Market Committee (FOMC) meeting minutes due on August 19 for clearer guidance on the Fed's monetary policy trajectory.

The US Consumer Price Index (CPI) for July came in at 3.4% year-on-year, with core CPI at 2.5%, signaling a potential easing of inflationary pressures.