Bitcoin Stuck Near $64,500 as Traders Await Fed Minutes

Bitcoin's price remains near $64,500 on August 19 as traders await the Federal Reserve's July meeting minutes for clues about US interest rates. The cryptocurrency has struggled to break above the $65,000 resistance zone and is currently trading within the $63,000-$65,000 range.

The recent recovery from the $63,000 area has kept the near-term outlook balanced, but a decisive move above $65,000 could strengthen the recovery narrative. Investors are also watching institutional flows, with spot Bitcoin ETFs recording weekly outflows of around $385 million to $390 million in the week through August 14.

Geopolitical tensions and the ongoing US-Iran confrontation have also contributed to global risk appetite, causing investors to reduce exposure to volatile assets. The Federal Reserve's minutes are expected to provide important signals for traders, particularly regarding inflation, interest rates, and future monetary policy.