# Bitcoin slips below $63,000 as US inflation data shows sticky price

**Published:** 2026-08-16T17:35:43.011Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/a782fa35-16d4-4410-9304-469b48e1fe3b

Bitcoin falls to $63,100, down 0.5% in 24 hrs, after CPI shows underlying inflation staying sticky; watch Treasury yields and $63,000 support level.

Bitcoin dropped below $63,000, trading around $63,100 and shedding roughly 0.5% in the past 24 hours, as the latest U.S. CPI report indicated that core price pressures remain entrenched despite a modest headline dip【1】. The move matters because it coincides with a retreat in two‑year Treasury yields, which fell to 4.14% after briefly topping 4.30%, reducing expectations of a September Federal Reserve rate hike and reshaping risk‑asset sentiment.  

| At a glance | |
|---|---|
| Price | $63,100 |
| 24‑h change | –0.5% |
| Key level | $63,000 support |
| Catalyst | Sticky core CPI data & falling 2‑yr Treasury yield |

## Inflation data versus market expectations  
The CPI release showed a milder headline figure for July, but deeper analysis revealed that core inflation—excluding food and energy—remained “sticky,” suggesting that price pressures have not eased as quickly as some analysts hoped. This nuance kept the market wary of further rate cuts, prompting a modest pullback in Bitcoin even as broader risk assets, such as the S‑&P 500, posted fresh highs.  

## Treasury yields and risk sentiment  
The two‑year Treasury yield, a proxy for short‑term rate expectations, slid from above 4.30% to 4.14% after the CPI data, reflecting a sharp downgrade in the odds of an imminent Fed tightening cycle. Lower yields typically buoy equity markets, which continued to climb, but the reduced upside for Bitcoin highlights the token’s sensitivity to macro‑financial shifts rather than pure risk‑on dynamics.  

## On‑chain and market‑cap context  
Bitcoin’s market capitalisation remains anchored near its recent range, with the cryptocurrency hovering just above the $63,000 support level that has acted as a floor in the past week. No large‑wallet movements or supply unlocks were reported in the sources, indicating that the price dip is driven primarily by macro‑economic factors rather than on‑chain supply changes.  

## What to watch  
- **$63,000 support** – a breach could open the path toward the $62,000‑$61,000 zone.  
- **Upcoming U.S. jobs report** – stronger employment data may further depress Treasury yields and revive Bitcoin’s upside.  
- **Core CPI trends** – any indication that core inflation is easing could revive expectations of rate cuts and lift risk assets.  

The price slide underscores how Bitcoin continues to react to macro‑economic signals, with sticky inflation keeping the Fed’s policy outlook in focus and shaping the token’s near‑term trajectory.

## Sources
1. CoinDesk — [Live updates: Bitcoin slips back even as Fed rate hike expectations dwindle](https://www.coindesk.com/tech/2026/08/13/live-markets-u-s-inflation-is-stickier-than-july-s-mild-cpi-suggests)
2. CoinDesk — [Live updates: Bitcoin flatlines near $64,000 ahead of Friday's jobs report](https://www.coindesk.com/tech/2026/08/06/live-updates-bitcoin-nears-usd65-000-as-oil-inflation-hopes-keep-macro-bid-alive)

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Cite as: TrendWatcher, "Bitcoin slips below $63,000 as US inflation data shows sticky price", https://www.trendwatcher.in/article/a782fa35-16d4-4410-9304-469b48e1fe3b