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Bitcoin dips below $64,000 amid rising oil prices and U.S. inflation concerns ahead of CPI report.

Market News
11 Aug 2026, 14:30 WIB
Crypto news
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Bearish
Bitcoin dips below $64,000 amid rising oil prices and U.S. inflation concerns ahead of CPI report.

Bitcoin price fell below $64,000 on August 11 due to rising oil prices and uncertainty ahead of the U.S. July Consumer Price Index (CPI) report. The price briefly dropped to around $63,852 before recovering slightly, with key support at $63,900–$64,000 crucial for preventing a deeper decline. Higher oil prices have raised inflation worries, complicating the Federal Reserve's outlook and reducing demand for risk assets like Bitcoin. The upcoming CPI report will likely influence Bitcoin's next move, with a cooler reading potentially boosting prices above $65,000, while a hotter reading could push Bitcoin toward $62,000 or lower. Bitcoin remains range-bound between $63,900 and $65,500, with liquidation clusters around $63,700 and $65,600 indicating potential volatility.

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