.png){kind=logo}
Bitcoin trades near $63,844, up 0.30% over the past day.
Ethereum led major top 10 movers with a 0.82% daily gain.
Traders stay cautious ahead of today's US Producer Price Index data.
Bitcoin held steady near $63,844 as markets shifted attention toward today's US PPI release. Yesterday's CPI print landed largely in line with forecasts, easing to 3.4% year on year. The reading offered short-term relief but failed to spark a decisive breakout for crypto.
Goldman Sachs deepened its crypto footprint with a fresh ETF acquisition this week. The move added institutional credibility to Bitcoin income products at a time when spot demand stays thin. Traders now watch today's wholesale inflation data for the next directional cue.
Bitcoin traded at $63,844.20, up 0.30% over the past 24 hours. This figure reflected live CoinMarketCap data tracked through today's session. Its market cap stood near $1.28 trillion. Trading volume over 24 hours reached $23.45 billion. Price action stays tied to today's PPI print and lingering ETF flow trends.
Here are today's insights from leading crypto market analysts on Bitcoin's structure ahead of the inflation print.
According to CoinSwitch's Markets Desk, BTC is steadying around $64,000 to $64,200 after a choppy CPI day session. Bitcoin reclaimed the $64,000 handle following a dip to an intraday low near $63,400.
The desk further stated yesterday's inflation print landed largely in line, framed by analysts as buying the Fed time rather than conviction. Spot BTC ETFs saw only modest inflows near $7.8 million, leaving price hemmed inside the summer range.
Prateek Gupta, Head of Business at Mudrex, shared that Bitcoin slid back to around $63,500 after briefly reclaiming $64,000. Markets saw little fresh conviction in either direction once the CPI reading matched forecasts.
He further mentioned the focus now shifts to today's PPI data for the next directional cue. Gupta placed $65,000 as resistance after six failed attempts since August 5, with $62,000 as immediate support.
Nischal Shetty, Founder of WazirX, shared that CPI has reduced expectations for a September Fed hike. He noted Wall Street responded positively, with the Nasdaq and S&P 500 advancing while gold stayed stable.
He further explained BTC trades near its 50-day moving average, with $63,200 to $63,400 as key support. Shetty placed resistance at $64,000 to $64,550, with liquidations totaling $165.13 million over 24 hours.
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin and Ethereum remain under pressure despite softer inflation data. She noted US spot Bitcoin ETFs saw $46.8 million in net outflows on August 12.
She further explained Bitcoin's rejection from $64,800 to $65,300 leaves $63,200 as immediate support. Sehgal flagged today's PPI data as the next catalyst, with $64,150 to $64,500 needed to improve momentum.
Also Read: Bitcoin Miners Add $1.78B Selling Pressure as AI Pivot Grows
Vikram Subburaj, CEO of Giottus, shared that Bitcoin trades near $63,400, down about 0.6% over 24 hours. He noted spot Bitcoin volume sits near its lowest level since 2019, signaling limited participation.
He further advised investors to avoid chasing short-term moves. Subburaj recommended staggered buying with low leverage until Bitcoin clears $64,500 to $66,000 with stronger demand.
Harish Vatnani, Head of Trade at ZebPay, shared that Goldman Sachs is expanding its crypto footprint through the planned NEOS Investments acquisition worth up to $2.25 billion.
He further noted Bitcoin remains stuck in the $62,000 to $66,000 range, with steady ETF demand offset by miner and corporate selling. Vatnani said the Fed's next move stays uncertain given mixed inflation and employment signals.
The broader market holds a steady, cautious tone ahead of today's PPI data. Here is how the top 10 coins by market capitalization stand, based on live Coingecko data.
Biggest Losers: None Among Top 10
All top 10 coins traded higher through today's session, leaving no outright decliner on the board. Broader losses stayed concentrated outside the top 10 list, mainly among smaller altcoins facing token unlocks.
Biggest Gainers: HYPE, ETH, XRP
Hyperliquid led today's gains among the top 10 coins, up 1.96% on the day. Ethereum followed closely with a 0.82% advance. XRP and Solana also posted solid gains through the session.
Today's US PPI report and Goldman Sachs' fresh ETF push continue to steer sentiment. Cooling CPI data and stalled Clarity Act talks add further weight to the session.
Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, adding roughly $30 billion in options-based income ETFs. The deal brings Bitcoin and Ethereum-linked income funds under Goldman's asset management arm.
The acquisition is expected to close in early 2027, pending regulatory approval. It follows Goldman's earlier purchase of Innovator Capital Management, lifting its ETF platform toward $130 billion in assets.
July CPI rose 3.4% year over year, down from June's 3.5% reading, while core inflation eased to 2.5%. Crypto's immediate reaction stayed modestly weaker despite the broader disinflation trend.
Shelter costs drove most of July's monthly increase, while energy prices declined. The mixed signals leave September rate cut odds close to a coin flip among traders and analysts.
Also Read: Bitcoin Traders Brace for CPI as $70K Call Options Gain Demand
Wholesale inflation data lands today, offering a read on whether consumer prices could climb again next month. A softer PPI print would extend yesterday's disinflation narrative and support risk assets.
A hotter reading could revive rate hike concerns and pressure Bitcoin back toward lower support levels. Traders view today's release as the clearest near-term catalyst for direction.
The Coldcard hardware wallet exploit, first uncovered in late July, has drained well over $120 million from affected users. Researchers continue tracking fresh waves of coordinated drains this month.
The incident keeps unsettling confidence in self-custody storage across the wider Bitcoin community. Security teams are urging affected users to migrate funds and review wallet configurations without delay.
Zcash continued building on renewed institutional interest in privacy focused assets, supported by its upcoming Tachyon upgrade. The upgrade targets scaling shielded payments and improving quantum readiness for the network.
Analysts tied the move to growing demand for privacy tooling ahead of the planned rollout. Zcash traded near $490, extending a strong seven day gain of over 5%.
The Senate's motion to proceed on the Clarity Act marked its farthest progress yet earlier this month, though a final floor vote remains pending. Ethics language disputes continue slowing bipartisan momentum.
Prediction markets still price uncertain odds on 2026 passage of the bill. Analysts view eventual regulatory clarity as a longer-term catalyst once lawmakers resolve remaining disagreements.
Bitcoin holds near $63,844 as traders weigh today's PPI risk against a still cautious ETF complex. The wholesale inflation print stands as the clearest near-term catalyst for direction. A close back above $64,500 could open a path toward $65,300 and $66,000 resistance. A slip below $63,200 risks exposing deeper support near $62,000 for Bitcoin.
Ethereum's ability to hold above $1,880 remains central to broader altcoin sentiment this week. Goldman Sachs' NEOS acquisition adds a fresh institutional variable to Bitcoin's ETF landscape. Thin spot volume and Coldcard fallout remain the two overhangs traders are watching closely.
What is the Bitcoin price today?
Bitcoin trades near $63,844.20, up 0.30% over the past 24 hours through today's session. Resistance builds near $64,500 and $65,300, while support sits near $63,200, according to current analyst levels shared across major trading desks.
Why is Bitcoin holding below $64,500 today?
Traders are positioning cautiously ahead of today's US PPI report, the session's key catalyst. Thin spot volume and ongoing Coldcard hack fallout have added further caution, keeping Bitcoin range-bound below resistance levels.
What is the biggest crypto news today?
Goldman Sachs' $2.25 billion NEOS acquisition and today's US PPI report are shaping sentiment heavily. Cooling CPI data, stalled Clarity Act talks, and rising Coldcard hack losses add further context to today's session.
Which coins are performing best today?
Hyperliquid leads top 10 daily gains near 1.96%, followed closely by Ethereum and XRP. All top 10 coins traded higher through today's session, with no outright decliner on the board.
What should investors watch this week?
Track today's US PPI data, Friday's retail sales report, and further Coldcard hack disclosures closely. Progress on the Clarity Act could also shift near-term positioning across the broader crypto market this week.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
