$BTC
C is trading around $63,500–64,600, having slipped from its early-August high near $65,300, with momentum turning slightly negative this week.
Key levels:
Bitcoin is choppy but range-bound roughly between $63,500–$65,300
Currently about 48–49% below its all-time high of $126,080 (Oct 6, 2025)
Market cap: ~$1.30–1.33 trillion, still ~57% of the total crypto market
What's driving it:
A weak July jobs report (economy lost 23,000 jobs, unemployment at 4.1%) briefly boosted BTC on hopes the Fed pauses hikes in September — futures markets priced in ~56% odds of a pause
This week's in-line CPI reading removed some tail risk but gave BTC little reason to rally — traders are now looking ahead to Jackson Hole and the next jobs/CPI releases as the next catalysts
Underlying inflation pressure still looks "sticky" despite the mild headline CPI number, keeping sentiment cautious
Notable red flag: Strategy and Metaplanet (major corporate $BTC holders) are sitting on unrealized losses, highlighting concentration risk in bitcoin-treasury strategies#USJulyCPI&PPIDueThisWeek #USJulyPPIFlat #SpaceXShortInterestFallsTo11% #SpaceXRisesNearly12%Intraday #BankOfRussiaToLimitRetailCryptoFromSep1
C is trading around $63,500–64,600, having slipped from its early-August high near $65,300, with momentum turning slightly negative this week.
Key levels:
Bitcoin is choppy but range-bound roughly between $63,500–$65,300
Currently about 48–49% below its all-time high of $126,080 (Oct 6, 2025)
Market cap: ~$1.30–1.33 trillion, still ~57% of the total crypto market
What's driving it:
A weak July jobs report (economy lost 23,000 jobs, unemployment at 4.1%) briefly boosted BTC on hopes the Fed pauses hikes in September — futures markets priced in ~56% odds of a pause
This week's in-line CPI reading removed some tail risk but gave BTC little reason to rally — traders are now looking ahead to Jackson Hole and the next jobs/CPI releases as the next catalysts
Underlying inflation pressure still looks "sticky" despite the mild headline CPI number, keeping sentiment cautious
Notable red flag: Strategy and Metaplanet (major corporate $BTC holders) are sitting on unrealized losses, highlighting concentration risk in bitcoin-treasury strategies#USJulyCPI&PPIDueThisWeek #USJulyPPIFlat #SpaceXShortInterestFallsTo11% #SpaceXRisesNearly12%Intraday #BankOfRussiaToLimitRetailCryptoFromSep1