Bitcoin Trades Flat Amid Quiet Weekend Session

Bitcoin traded in a narrow range on August 16, 2026, as a thin weekend session continued the soft tone that defined the market since Wednesday's CPI report. The price of BTC held steady at $62,919.47, roughly flat over the past 24 hours but down 2.85% over the week.

The decline in Bitcoin can be attributed to a rally that never materialized after July's CPI print came in as expected. Instead of sparking a relief rally, spot Bitcoin ETFs recorded their first back-to-back outflow sessions since late July.

Chainlink (LINK) and Monero (XMR) were the standout performers of the week, with LINK up 13.51% to $9.42 and XMR climbing 7.44% to $409.15.