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Bitcoin briefly tops $65,000 amid weak US jobs data and strong ETF inflows

Market News
10 Aug 2026
Blockonomi
View Source
Bullish
Bitcoin briefly tops $65,000 amid weak US jobs data and strong ETF inflows

Bitcoin momentarily surpassed the $65,000 mark on August 10, buoyed by disappointing US July nonfarm payrolls that reduced expectations for further Federal Reserve rate hikes. The cryptocurrency gained 3.4% over the week, supported by strong institutional demand with $854 million net inflows into US spot Bitcoin ETFs, led by BlackRock's IBIT. Technical analysts highlight a critical resistance level at $65,800, suggesting potential for a rally toward $73,700. Investors now await the upcoming US Consumer Price Index data, expected to show easing inflation, which could further influence market direction.

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