# Dogecoin and BNB lift majors as Bitcoin slips near $63,700

**Published:** 2026-08-12T05:14:52.941Z  
**Topic:** Inflation  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/a852e3d7-4fa3-4e26-9c64-7e9fc0d8b659

Bitcoin fell to $63,921, while Dogecoin rose above $0.07 and BNB to $603, sparking a brief rally in altcoins amid oil‑driven risk aversion.

Bitcoin slipped to $63,921.54, down 1.59% in 24 hours, as oil prices surged and the yen weakened, pulling risk‑off sentiment across crypto and equity markets【2】. The dip opened space for Dogecoin, which nudged above $0.07, and Binance Coin, which rose 0.3% to $603, helping most major tokens post weekly gains despite Bitcoin’s retreat.

| At a glance | |
|---|---|
| Bitcoin price | $63,921.54 (‑1.59% 24 h) |
| Dogecoin price | > $0.07 (up) |
| BNB price | $603 (up 0.3%) |
| Oil price | $84.40 /bbl (up 1%) |

## Market backdrop  
The slide in Bitcoin came as Brent crude climbed to $84.40 a barrel, driven by renewed Middle‑East tension and fading hopes for a quick reopening of the Strait of Hormuz【1†L30-L33】. Higher oil prices lifted broader risk‑off sentiment, prompting the Japanese yen to stay weak against the dollar despite a recent joint intervention by Japan and the United States【2†L9-L11】. In parallel, U.S. Treasury yields edged higher, with the 10‑year yield up a basis point to 4.66%, and the dollar firming against most major currencies【1†L31-L33】. These macro moves coincided with a weak U.S. jobs report that had earlier eased concerns about further Federal Reserve rate hikes ahead of the upcoming consumer‑price index release【1†L13-L15】.

## Altcoin rally  
Dogecoin’s rise above $0.07 and BNB’s gain to $603 helped all major cryptocurrencies except XRP post weekly advances, with Bitcoin, Ether, BNB and Solana each up roughly 3% over the week【1†L13-L16】. Ether traded near $1,919, while Solana rose to nearly $77, marking the strongest daily gain among the majors【1†L16-L18】. The broader crypto rally reflected a shift in investor focus from Bitcoin’s technical setbacks to the relative strength of altcoins, especially those with strong on‑chain activity or recent network upgrades.

## Immediate catalysts  
The primary catalyst for the price action was the oil surge, which re‑priced risk appetite across equities, gold and digital assets【2†L5-L7】. Analysts noted that Bitcoin’s inability to hold above the $65,000 zone, combined with modest demand, left the market vulnerable to macro pressure from oil and currency moves【2†L13-L16】. Meanwhile, spot Bitcoin ETFs continued to attract inflows, though a provisional $91 million outflow on August 10 briefly broke a five‑session inflow streak【2†L15-L17】.

## What to watch  
- U.S. consumer‑price index release on Wednesday at 8:30 a.m. ET, which could reshape expectations for Fed rate moves.  
- Brent crude price stability around $84 /bbl; a reversal could revive risk‑on sentiment.  
- Bitcoin support at $63,600 and resistance near $66,800, levels highlighted by market analysts as key thresholds for the next price leg【2†L19-L22】.

The Bitcoin dip underscores how quickly macro‑driven risk shifts can outweigh technical factors, while the altcoin rally shows that even modest price moves in leading tokens can buoy the broader crypto market. The coming CPI data will be the next decisive test for whether Bitcoin can reclaim the $65,000 zone or remain confined to its current range.

## Sources
1. CoinDesk — [BTC, ETH price news: Bitcoin tops $65,000 with U.S. inflation data...](https://www.coindesk.com/markets/2026/08/10/bitcoin-tops-usd65-000-with-us-inflation-data-due-this-week)
2. Analyticsinsight — [Crypto Prices Today: Bitcoin Slips to $63,921 Amid Oil Surge](https://www.analyticsinsight.net/price-analysis/crypto-prices-today-bitcoin-slips-to-6392-oil-surge-hormuz-doubts-rattle-risk-assets)

---
Cite as: TrendWatcher, "Dogecoin and BNB lift majors as Bitcoin slips near $63,700", https://www.trendwatcher.in/article/a852e3d7-4fa3-4e26-9c64-7e9fc0d8b659