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Bitcoin trades near $63,777, up 0.20% over the past day.
BNB led major top 10 movers with a 2.34% daily gain.
Traders stay defensive ahead of today's key US inflation print.
Bitcoin held steady near $63,777 as markets awaited today's US CPI report. The reading stands as the session's biggest catalyst for crypto and equities alike. Trading volumes have thinned out through the week ahead of the release.
Strategy disclosed another Bitcoin sale last week, extending its shift away from pure accumulation. The Coldcard wallet exploit kept adding pressure on self-custody sentiment. Traders now watch inflation data closely for the next clear directional signal.
Bitcoin traded at $63,777.47, up 0.20% over the past 24 hours. This figure reflected live CoinMarketCap data tracked through today's session. Its market cap stood near $1.27 trillion. Trading volume over 24 hours reached $21.26 billion. Price action stays tied to today's CPI print and ongoing Strategy treasury moves.
Here are today's insights from leading crypto market analysts on Bitcoin's structure ahead of the inflation print.
According to Prateek Gupta, Head of Business at Mudrex, Bitcoin slipped to around $63,600 after failing four times to hold above $65,000. Sellers stepped in near an intraday high of $65,300.
He further mentioned gold ETFs pulled in $637 million in a single day, against just $244 million into Bitcoin funds. Gupta placed $65,000 as the level needed to regain momentum, with $62,500 as key support.
CoinSwitch's Markets Desk noted Bitcoin slipped back toward $63,500, holding within the broad $62,000 to $66,000 range that has contained it through summer. Traders are positioning defensively ahead of today's CPI release at 8:30 a.m. ET.
The desk further stated trading volumes have fallen to their lowest in roughly three years. Steady ETF inflows are being offset by OTC selling from miners and Strategy this month.
Nischal Shetty, Founder of WazirX, shared that 24-hour liquidations fell 17.19% to $160.35 million, pointing to reduced leveraged stress. Total market capitalization held broadly flat near $2.19 trillion.
He further noted Asian equities showed a risk off tilt, led by declines in the Hang Seng and Sensex. Shetty placed Bitcoin resistance near $64,000 to $64,500, with support at $62,400 if that level breaks.
Also Read: Bitcoin Futures Shorts Ease as Riot Lands $9.1B AI Data Center Deal
Riya Sehgal, Research Analyst at Delta Exchange, said crypto markets stay cautious ahead of CPI, with Bitcoin hovering near $64,000. Higher crude prices and elevated Treasury yields weigh on risk appetite.
She further explained Bitcoin is attempting to stabilize after testing the $63,200 area. Sehgal flagged $64,800 to $65,200 as the next zone if buyers reclaim $64,300 on the day.
Vikram Subburaj, CEO of Giottus, shared that Bitcoin trades near $63,700 to $63,800 as investors stay cautious ahead of today's inflation data. US spot funds attracted $865.3 million between August 3 and 7.
He further advised investors to avoid chasing moves before the CPI release. Subburaj recommended staggered buying until Bitcoin clears the $64,500 to $66,000 resistance zone with stronger volume.
The broader market holds a cautious, mixed tone ahead of today's inflation data. Here is how the top 10 coins by market capitalization stand, based on live CoinMarketCap data.
Biggest Losers: HYPE
Hyperliquid stood as the lone decliner among today's top 10 coins, down 1.53%. Every other major coin traded higher through the session. Broader losses stayed concentrated outside the top 10 list today.
Biggest Gainers: DOGE, BNB, XRP
Dogecoin led today's gains among the top 10 coins, up 2.98% on the day. BNB followed closely with a 2.34% advance. XRP and TRON also posted solid gains through the session.
Today's US CPI report and lingering Coldcard fallout continue to steer sentiment. Strategy's latest sale and stalled Clarity Act talks add further weight to the session.
The US July CPI report lands today at 8:30 a.m. ET, viewed as the biggest near-term catalyst for crypto. Analysts expect headline inflation near 0.1%, with core inflation closer to 0.2%.
A softer reading could revive rate cut hopes and lift Bitcoin back toward resistance. A hotter print may strengthen the dollar and pressure Bitcoin down toward $62,700 or lower today.
A vulnerability tied to BTCPay Server reportedly let attackers drain funds from some merchants' Lightning nodes this week, adding to broader market unease.
The disclosure arrives alongside already cautious positioning ahead of CPI data. Security researchers are urging affected merchants to patch systems and review node configurations immediately.
The Coldcard hardware wallet exploit, first uncovered on July 30, has now drained more than $120 million from affected users. New waves of attacks are still being tracked by researchers.
Galaxy Digital analysts flagged a likely fourth organized wave of drains over the weekend. The incident continues to unsettle confidence in self-custody storage across the wider Bitcoin community.
Zcash continued building on renewed institutional interest in privacy focused assets, supported by its upcoming Tachyon upgrade aimed at scaling shielded payments.
The upgrade also targets improved quantum readiness for the network. Analysts tied the move to growing demand for privacy tooling ahead of the planned rollout later this year.
Strategy sold 1,690 BTC between August 3 and 9 at an average price of $64,262, raising $108.6 million. Proceeds funded a buyback of 1.15 million STRC preferred shares this week.
The firm also raised $653.1 million through MSTR share sales, lifting its dollar reserve near $4.65 billion. Strategy now holds 840,447 BTC, its lowest treasury balance in months.
Senate Majority Leader John Thune delayed the Clarity Act floor vote until lawmakers return from recess in mid-September. Ethics language disputes stalled bipartisan progress before the break.
Polymarket odds on 2026 passage have slipped to near 14%, down sharply from earlier estimates. Analysts still view regulatory clarity as a longer-term catalyst once the bill advances.
US spot Bitcoin ETFs pulled in $853.5 million for the week ending August 7, the strongest inflow since mid-April. BlackRock's IBIT fund led that haul by a wide margin.
Year to date, spot Bitcoin ETFs still sit near $4.5 billion in net outflows. Analysts called the recent inflow directionally positive but not yet a confirmed trend reversal.
Also Read: Bitcoin vs Gold: Is BTC Becoming a New Hedge in 2026?
Bitwise CIO Matt Hougan said Bitcoin has likely found its bottom, citing resilience against the Coldcard hack and the Clarity Act setback this month.
Hougan pointed to steady price action despite negative headlines as a constructive signal. Analysts at other desks remain split on whether the low is fully confirmed yet.
Bitcoin holds near $63,777 as traders weigh CPI risk against a still resilient ETF complex. Today's inflation print stands as the clearest near-term catalyst for direction. A close back above $64,500 could open a path toward $65,200 and $66,800 resistance. A slip below $62,700 risks exposing deeper support levels for Bitcoin.
Ethereum's ability to hold above $1,850 remains central to broader altcoin sentiment this week. Strategy's shift away from pure accumulation adds a new variable to Bitcoin's supply dynamics. Coldcard fallout and Clarity Act delays remain the two overhangs traders are watching closely.
What is the Bitcoin price today?
Bitcoin trades near $63,777.47, up 0.20% over the past 24 hours through today's session. Resistance builds near $64,500 and $65,200, while support sits near $62,700, according to current analyst levels shared across major trading desks.
Why is Bitcoin holding below $64,000 today?
Traders are positioning defensively ahead of today's US CPI report, the session's key catalyst. Ongoing Coldcard hack fallout and choppy ETF flows have added further caution, keeping Bitcoin range bound below resistance levels.
What is the biggest crypto news today?
Strategy's fresh Bitcoin sale and today's US CPI report are shaping sentiment heavily. Rising Coldcard hack losses, a delayed Clarity Act vote, and Bitwise's bottom call add further context to today's session.
Which coins are performing best today?
Dogecoin leads top 10 daily gains near 2.98%, followed closely by BNB and XRP. Hyperliquid is the lone decliner among major coins, slipping 1.53% through today's trading session.
What should investors watch this week?
Track today's US CPI data, Bitcoin ETF flow continuity, and further Coldcard hack disclosures closely. Progress on the Clarity Act could also shift near-term positioning across the broader crypto market this week.
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