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Bitcoin hovers near $63,700 as crypto markets await July U.S. inflation data.

Market News
12 Aug 2026
Crypto news
View Source
Neutral
Bitcoin hovers near $63,700 as crypto markets await July U.S. inflation data.

Bitcoin traded near $63,700 on Aug. 12, with most major cryptocurrencies edging higher ahead of the July U.S. inflation report. Dogecoin and BNB led gains, while Bitcoin struggled to hold above $65,000 amid mixed ETF flows and rising oil prices, which keep inflation concerns elevated. The market awaits the July CPI release, expected to show a slight 0.1% monthly increase and 3.4% annual inflation, which will influence Federal Reserve rate outlooks. Until then, Bitcoin remains range-bound with altcoins showing selective strength and cautious investor sentiment.

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