Bitcoin is testing support — while institutional flows are starting to split.
#Bitcoin is around $63.74K, after trading between roughly $63.27K and $64.30K today. ETH is near $1,625, #XRP around $1.06, and SOL near $77.97.
The important change is in ETFs:
US spot BTC ETFs recorded -$61.1M on August 12, while spot ETH ETFs flipped positive at +$7.4M. (Farside Investors)
That makes today’s #CryptoETFs setup interesting:
Bitcoin demand weakened.
Ethereum demand improved.
And BTC is now sitting directly above a support test.
$64.30K = first resistance
$65.5K = breakout level
$63.27K = first support
$63K = breakdown line
Macro gave crypto some help yesterday: July CPI came in at 3.4% YoY, with core at 2.5%, reducing pressure for another September Fed hike. (Bureau of Labor Statistics)
But today brings the next test.
US PPI + jobless claims hit at 13:30 UK time, with producer-price data likely to decide whether yesterday’s inflation relief survives. The BLS confirms July PPI is scheduled for 8:30 a.m. ET today. (Bureau of Labor Statistics)
Regulation remains unchanged but important: the Senate’s CLARITY cloture motion is scheduled to ripen on September 15 at 2:15 p.m. (U.S. Senate Daily Press)
For #Crypto:
Bullish: soft PPI + yields stay contained + BTC reclaims $64.3K.
Bearish: hot PPI + yields rebound + BTC loses $63K.
The setup is balanced — but today’s data decides whether the next expansion is up or down. #Markets
#Bitcoin is around $63.74K, after trading between roughly $63.27K and $64.30K today. ETH is near $1,625, #XRP around $1.06, and SOL near $77.97.
The important change is in ETFs:
US spot BTC ETFs recorded -$61.1M on August 12, while spot ETH ETFs flipped positive at +$7.4M. (Farside Investors)
That makes today’s #CryptoETFs setup interesting:
Bitcoin demand weakened.
Ethereum demand improved.
And BTC is now sitting directly above a support test.
$64.30K = first resistance
$65.5K = breakout level
$63.27K = first support
$63K = breakdown line
Macro gave crypto some help yesterday: July CPI came in at 3.4% YoY, with core at 2.5%, reducing pressure for another September Fed hike. (Bureau of Labor Statistics)
But today brings the next test.
US PPI + jobless claims hit at 13:30 UK time, with producer-price data likely to decide whether yesterday’s inflation relief survives. The BLS confirms July PPI is scheduled for 8:30 a.m. ET today. (Bureau of Labor Statistics)
Regulation remains unchanged but important: the Senate’s CLARITY cloture motion is scheduled to ripen on September 15 at 2:15 p.m. (U.S. Senate Daily Press)
For #Crypto:
Bullish: soft PPI + yields stay contained + BTC reclaims $64.3K.
Bearish: hot PPI + yields rebound + BTC loses $63K.
The setup is balanced — but today’s data decides whether the next expansion is up or down. #Markets