Crypto Market Remains Flat Amid Thin Weekend Volume

Crypto markets are experiencing a quiet weekend session on August 16, 2026, with Bitcoin trading at $62,919.47, roughly flat over the past 24 hours but down 2.85% over the week.

The soft tone in the market since Wednesday's CPI report has defined the current trend, with thin weekend volume contributing to the lack of significant price movements.

July's CPI print came in at expectations, but instead of sparking a relief rally, spot Bitcoin ETFs recorded their first back-to-back outflow sessions since late July.

XRP is sitting right at the $1.00 psychological level after a 3.24% weekly decline, while Chainlink (LINK) stands out as a standout performer, up 13.51% over the past seven days to $9.42.