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Bitcoin dips below $64,000 ahead of US inflation data, traders cautious on next move.

Market News
11 Aug 2026
Dailycoin
View Source
Neutral
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Bitcoin fell below $64,000 on August 11, 2026, testing a key support level around $63,800 as traders await the US Consumer Price Index (CPI) report. The market shows cautious positioning with Bitcoin trading in a tight range between roughly $63,766 and $65,000, reflecting uncertainty and a lack of strong momentum. The upcoming CPI data is expected to be a major catalyst, with softer inflation potentially boosting Bitcoin toward $70,000, while higher inflation could trigger further selling pressure. Broader macro factors like interest rates, real yields, liquidity, and rising oil prices are also influencing market sentiment.

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