Bitcoin Drops to $63,500 as CPI Data Meets Expectations While AI Stocks Rally

Source: Blockonomi [UK]

“Bitcoin retreated toward $63,500 during Thursday trading, declining approximately 0.5% for the session and approaching 2% losses for the week. July’s Consumer Price Index registered a monthly increase of 0.1% with annual inflation reaching 3.4%. The core measure, excluding volatile food and energy components, advanced 0.2% monthly while moderating to 2.5% annually. … Broader cryptocurrency weakness prevailed across major tokens. Dogecoin declined approximately 3% to 7 cents. XRP surrendered more than 1% to reach $1, extending weekly losses near 5%. Solana edged lower by under 1% to $76, while Ether dropped fractionally to $1,880.” (08/13/26)

https://blockonomi.com/bitcoin-drops-to-63500-as-cpi-data-meets-expectations-while-ai-stocks-rally/