Bitcoin Slides Past $63,500 as CPI Report Calms Market

Bitcoin slipped below $63,500, registering a weekly decline of 2% despite the CPI report aligning with expectations, subtly easing speculation on the Fed’s future rate hikes.

CPI Report and Bitcoin’s Slide

■Headline inflation: 0.1% monthly, 3.4% yearly

■Core inflation: 0.2% monthly, 2.5% yearly

■Fed’s September rate‑rise odds: 38% (down from 46%)

■Bitcoin: 0.5% daily drop, 2% weekly drop

Performance of Other Cryptos

■Hyperliquid HYPE: up to $56, flat for the week

■Tron (TRX): around $0.34, 2% gain over seven days

■Dogecoin: 3% drop to $0.07

■XRP: 1% drop, 5% weekly decline

■BNB: 1% rise to $610

■Solana: under 1% to $76

■Ether: marginal drop to $1,880

Fed’s Upcoming Tests and Market Reactions

■Gold: 1.3% rise immediately after release

■S&P 500 Futures: 0.2% gain

■Upcoming Fed tests: Jackson Hole meeting, Sept. 4 jobs report, Sept. 11 inflation release

■Gabe Selby: when inflation comes in below expectations, bitcoin averages a 3.25% rally over the past nine releases

Macro Indicators and Sectoral Impact

■Brent Crude: peaked near $90 before retreating

■South Korea: Kospi jumps 4%, entering a technical bull market

■Samsung Electronics and SK Hynix lead gains

■Cisco: 4% drop after hours

■Cerebras Systems: 17% decline

Zcash’s Tachyon Upgrade

■Scale shielded payments

■Enhance quantum readiness

■Test funding, security, governance resilience

Deniz Arel, Director of Crypto Regulation and Compliance: "The CPI data’s subtle nudging of Fed expectations dampens short‑term volatility while potentially boosting risk appetite. In this backdrop, Bitcoin’s brief slide should be weighed alongside evolving regulatory clarity. Transparency and sustainability remain paramount for market participants amid lingering regulatory uncertainty."