Bitcoin Holds Steady Near $63,800 After July Inflation Data

Bitcoin's price remained steady near $63,800 after the U.S. inflation data for July matched expectations, failing to spark significant momentum in crypto markets.

The consumer prices rose 0.1% monthly and 3.4% annually, easing concerns about a near-term Federal Reserve rate hike.

However, investor sentiment remained mixed, with Bitcoin ETFs experiencing $61.1 million in outflows while Ether ETFs saw $7.4 million inflows.

The upcoming U.S. producer prices, Jackson Hole symposium, and September economic data are expected to influence Bitcoin's next moves.