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Bitcoin holds steady near $63,400 after volatile swings and mild US inflation drop.

Market News
12 Aug 2026
Bitcoin
View Source
Neutral
Bitcoin holds steady near $63,400 after volatile swings and mild US inflation drop.

Bitcoin traded flat near $63,400 after volatile intra-day swings between $63,317 and $64,400, keeping its market cap at $1.27 trillion. The recent sell-off linked to Strategy's bitcoin sales appears to have stabilized, with the company’s CEO assuring more buying ahead. US inflation data showed a slight easing to 3.4%, providing modest support, but cautious market sentiment remains as low buyer demand keeps bitcoin below its $68,700 cost basis. Analysts warn the market could remain vulnerable without increased demand despite the favorable inflation backdrop.

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