Analyst: Bitcoin price breaks through $65,000, market focuses on the CPI report
2026-08-10 13:42:02
According to CoinMeta, Bitcoin broke through the $65,000 mark during morning trading on August 10, before falling back to $64,955. It saw a 0.3% increase over 24 hours and a 3.4% increase over 7 days. Its intraday high reached $65,363. The market is closely watching the U.S. Consumer Price Index (CPI) for July, which will be released on August 12. According to data from the U.S. Bureau of Labor Statistics, non-farm employment decreased by 23,000 in July, while the unemployment rate remained at 4.1%. Analysts expect the annual growth rate in July to drop to 3.4%. Additionally, Blackstone's Bitcoin fund recorded a net inflow of $854 million between August 3 and August 7, indicating an improvement in institutional demand. Bitcoin faces challenges within its current price range and needs to break through the key resistance level of $65,800.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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