# Bitcoin steadies near $64k as CPI dip and miner AI shift raise

**Published:** 2026-08-13T02:48:28.779Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/9fa72acf-ef50-405b-a66d-ad2945c4ba35

Bitcoin holds between $62,500 support and $65,400 resistance after July CPI eases to 3.4% YoY and miners eye AI infrastructure deals.

Bitcoin hovered around $64,300 on July 31, squeezed between a $62,500 support level and $65,400 resistance, as cooler CPI data and a growing pivot by miners toward AI‑related power use reshaped market sentiment【1】.  

| At a glance | |
|---|---|
| Price | $64,300 (approx.) |
| 24h % move | flat (range‑bound) |
| Key level | $62,500 support / $65,400 resistance |
| Catalyst | July CPI 3.4% YoY & miners’ AI infrastructure shift |

## Inflation data eases price pressure  
The U.S. consumer price index slipped to 3.4% year‑over‑year in July, down from 3.5% in June, removing a short‑term headwind for risk assets and allowing Bitcoin to stabilize within its recent range【1】. Traders noted that the modest CPI decline coincided with a net $4.89 million inflow into spot Bitcoin ETFs, suggesting renewed institutional interest despite the token’s sideways price action【1】.  

## Miners eye AI, reshaping the supply narrative  
In a separate development, major Bitcoin miners are repurposing their electricity‑rich infrastructure for AI computing. Riot Platforms reported an average cost to mine Bitcoin of $49,912 in Q2, up from $48,992 a year earlier, highlighting the diminishing profitability of pure mining when Bitcoin trades below its October 2025 peak【2】. The company’s new agreement with AI firm Anthropic underscores a broader industry trend: miners may earn higher returns by supplying power to AI workloads rather than solely generating new BTC. This shift could diversify hash‑rate ownership, though it does not automatically increase decentralization【2】.  

## Market context and on‑chain dynamics  
Bitcoin’s price remains trapped between the $62,500 support zone—where it found footing after a recent bounce—and the $65,400 ceiling that has capped upside since early July【1】. The 200‑day EMA near $64,300 is a technical pivot; a decisive break above $65,400 would be needed to confirm a bullish breakout, while a slip below $62,500 could trigger a deeper correction【1】. Meanwhile, 70,067 traders were liquidated for $155.39 million in the past 24 hours, reflecting heightened leverage amid the token’s tight range【1】.  

## What to watch  
- **$65,400 resistance:** A sustained close above this level could signal a move toward the $68,000‑$70,000 zone.  
- **Miner AI contracts:** Further announcements from miners like Riot or other large operators may affect hash‑rate distribution and long‑term supply dynamics.  
- **CPI releases:** Future inflation data that deviates from expectations could reignite volatility and test the $62,500 support.  

The convergence of softer inflation and miners’ strategic shift to AI infrastructure suggests Bitcoin’s price may remain range‑bound until a clear catalyst—whether a decisive technical breakout or a major miner‑AI partnership—pushes the market beyond its current confines.

## Sources
1. Benzinga — [Bitcoin, Ethereum, XRP, Dogecoin Sluggish on Unsurprising July Inflation Data](https://www.benzinga.com/crypto/cryptocurrency/26/08/61156476/bitcoin-ethereum-xrp-dogecoin-sluggish-on-unsurprising-july-inflation-data)
2. Benzinga — [Are Bitcoin Miners Abandoning Mining for AI? Riot’s Anthropic Deal Has the Answe...](https://www.benzinga.com/crypto/cryptocurrency/26/08/61140393/are-bitcoin-miners-abandoning-mining-for-ai-riots-anthropic-deal-has-the-answer)
3. The Cointelegraph — [El Salvador’s Bitcoin experiment turns 5: ‘It Was For Us, Not Them’](https://cointelegraph.com/magazine/el-salvadors-bitcoin-experiment-turns-5-it-was-for-us-and-not-them)

---
Cite as: TrendWatcher, "Bitcoin steadies near $64k as CPI dip and miner AI shift raise", https://www.trendwatcher.in/article/9fa72acf-ef50-405b-a66d-ad2945c4ba35