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Bitcoin falls below $63,500 as US inflation meets expectations and trading volume hits lowest since 2019

Market News
13 Aug 2026
Blockonomi
View Source
Bearish
Bitcoin falls below $63,500 as US inflation meets expectations and trading volume hits lowest since 2019

Bitcoin dropped below $63,500 after US July inflation data matched forecasts, removing upward momentum catalysts. The Consumer Price Index rose 0.1% monthly and 3.4% annually, with the Federal Reserve rate-hold probability for September increasing to around 60-62%. Market analysts warn that Bitcoin's $63,000 support level is weakening, and trading volume has fallen to its lowest since early 2019, signaling potential downside risks near $58,500. Investors now await the July Producer Price Index for further market direction.

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