Bitcoin Tumbles Below $64,300 as Investors Await Crucial US Inflation Data

Bitcoin's price slipped below $64,300 on August 12, 2026, as global investors awaited the release of US Consumer Price Index (CPI) inflation data. This uncertainty, combined with rising crude oil prices and bond yields, pushed the crypto market into a 'fear' sentiment.

Investors are preparing for potential volatility, as the inflation numbers will likely influence future Federal Reserve interest rate decisions. The CPI report is a key gauge for inflation, and economists are closely watching to see if annual inflation moderates to 3.4% from the previous month's 3.5%.

The 'fear' sentiment in the market is reflected in the Crypto Fear & Greed Index, which currently sits at 37. This indicates that market participants are more concerned about potential downside risks than looking for buying opportunities.