{"id":76724,"date":"2026-08-12T19:10:45","date_gmt":"2026-08-12T19:10:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-flat-near-63400-after-mild-us-inflation-drop\/"},"modified":"2026-08-12T19:10:45","modified_gmt":"2026-08-12T19:10:45","slug":"bitcoin-flat-near-63400-after-mild-us-inflation-drop","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-flat-near-63400-after-mild-us-inflation-drop\/","title":{"rendered":"Bitcoin Flat Near $63,400 After Mild US Inflation Drop"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin stabilized near $63,400 Wednesday after sharp intra-day swings, holding its $1.27 trillion market cap.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Total crypto market liquidations reached $153.2 million while Strategy downplayed recent token sales.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Glassnode warned that low spot buyer demand leaves bitcoin wedged beneath its $68,700 cost-basis hurdle.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoin Trades Flat Following Volatile Intra-Day Swing<\/h2>\n<p>After declining for two consecutive days, bitcoin was largely flat Wednesday as the sell-off sparked by <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/strategy-sells-1690-bitcoin-as-saylor-reloads-its-cash-war-chest\/\">Strategy\u2019s latest bitcoin sale<\/a> appeared to have run its course. Market data shows that bitcoin traded mostly below $63,800 between Tuesday afternoon and early Wednesday morning. However, shortly after 5 a.m. EST, a sharp rally lifted the cryptocurrency past $64,000 on its way to a daily peak of just over $64,400.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>An equally sharp sell-off followed, pulling bitcoin down to $63,317 before it rebounded to just above $63,400. Bitcoin traded at nearly the same price level as 24 hours earlier\u2014a rare occurrence for an asset widely considered one of the most volatile in recent years.<\/p>\n<p>The flat price action left bitcoin\u2019s market capitalization unchanged at $1.27 trillion and its seven-day loss at 2%. In the derivatives market, liquidations were subdued at $32.3 million, with long bets accounting for $20.5 million of the total. Overall, crypto market liquidations topped $153.2 million, split between $86.6 million in short positions and $66.7 million in long positions.<\/p>\n<p>Despite previously heavily defending his company\u2019s bitcoin sales, Strategy CEO Phong Le sought to allay concerns that it is becoming a net seller. Speaking <a href=\"https:\/\/news.bitcoin.com\/featured\/strategy-ceo-resume-bitcoin-buying-later-2026\/\">in a recent interview<\/a>, Le suggested that the company will return to buying more bitcoin throughout the rest of 2026. The CEO also tried to downplay recent sales, noting that the offloaded bitcoins remain a fraction of the 175,000 bitcoins it has bought since the start of the year.<\/p>\n<p>In addition to Le\u2019s reassurance, the top cryptocurrency received a modest boost from U.S. inflation data showing that<a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"> price pressures eased in July<\/a>. Data shows the Consumer Price Index (CPI) declined to 3.4%, down slightly from 3.5% in June. However, economists noted that as long as energy prices remain elevated, the prospects for a faster decline remain limited. The latest print also likely complicates the Federal Reserve\u2019s path <a href=\"https:\/\/news.bitcoin.com\/finance\/fed-hike-bets-crack-as-september-hold-odds-storm-into-lead\/\">ahead of its September FOMC meeting<\/a>.<\/p>\n<p>Blockchain analytics firm Glassnode struck a cautious tone regarding the market\u2019s subdued reaction to the CPI release, noting that a weak response to favorable economic news is itself a warning signal. According to Glassnode, <a href=\"https:\/\/x.com\/glassnode\/status\/2087586319983882446\" target=\"_blank\" rel=\"noopener noreferrer\">sellers appear to be tiring<\/a> while buyers remain largely absent, leaving bitcoin wedged between its median realized price of $63,000 and the short-term holder cost basis of $68,700.<\/p>\n<p>The firm warned that unless demand returns to build on the benign inflation backdrop, the market remains vulnerable to overleveraged long positioning on low spot volume.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-flat-near-63400-after-mild-us-inflation-drop\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin stabilized near $63,400 Wednesday after sharp intra-day swings, holding its $1.27 trillion market cap. Total crypto market liquidations reached $153.2 million while Strategy downplayed recent token sales. Glassnode warned that low spot buyer demand leaves bitcoin wedged beneath its $68,700 cost-basis hurdle. Bitcoin Trades Flat [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":76725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76724"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76724"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76725"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}