Bitcoin Holds Near $65K as $1.1 Billion Crypto ETF Inflows Lift Sentiment; CPI in Focus
Renewed ETF inflows and softer labor data lifted Bitcoin as traders priced in less Federal Reserve tightening, with U.S. spot funds drawing $854 million last week, SoSoValue said.
- Bitcoin is holding near the $65,000 level on Wednesday, August 12, as investor sentiment improves following strong ETF inflows and shifting Federal Reserve interest rate expectations.
- U.S. spot Bitcoin and Ether ETFs attracted around $1.1 billion in net inflows last week, marking their strongest weekly performance since mid-April and extending the recovery.
- Analyst Michaël van de Poppe identified $65,800 as the critical level for bulls to break, noting that clearing this resistance could trigger a volatile move upward as short positions liquidate.
- Market attention shifts to July Consumer Price Index and Producer Price Index data releases on Wednesday and Thursday, which will influence Federal Reserve policy decisions affecting rate expectations.
- Unexpectedly weak employment data, including a 4.1% unemployment rate, reduced expectations that the Federal Reserve will need to raise rates again soon, potentially extending the rally across risk assets.
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The Economic Times
Times of IndiaBitcoin holds near $65K as $1.1 billion crypto ETF inflows lift sentiment; CPI in focus
Bitcoin is trading near the $65,000 mark after a volatile week, with US spot Bitcoin and Ether ETFs attracting around $1.1 billion in combined net inflows. Analysts say crypto markets are turning cautiously constructive, but the upcoming US CPI data could determine the next move, with key support and resistance levels in focus.
New figures on the rate of inflation in the United States provide for movement in the markets – and could soon become decisive for bitcoin. Source: BTC-ECHO BTC-ECHO
Bitcoin Tags $65.3K August High as Weak US Jobs Data Cools Fed Rate Bets - CryptoGazette
Bitcoin tagged a $65.3K August high on 7 August 2026 after weak US jobs data cooled Federal Reserve rate hike expectations, lifting broader crypto sentiment. The post Bitcoin Tags $65.3K August High as Weak US Jobs Data Cools Fed Rate Bets appeared first on CryptoGazette.
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