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Bitcoin trades sideways as ETF inflows offset selling; inflation data may trigger a breakout.

Market News
11 Aug 2026
Coindesk
View Source
Neutral
Bitcoin trades sideways as ETF inflows offset selling; inflation data may trigger a breakout.

Bitcoin has been stuck in a narrow range between $62,000 and $66,000 for weeks due to steady ETF buying offset by selling from miners and corporate holders like MicroStrategy. Trading volumes and volatility are at multiyear lows, indicating limited market momentum. The upcoming U.S. inflation report and potential regulatory progress on the Clarity Act are seen as key events that could break this stalemate. Historically, September tends to be a weak month for Bitcoin, adding uncertainty to the outlook.

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Bitcoin mining difficulty rises 1.31% as hashprice jumps 22% amid stalled hashrate.

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