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External ReportingPublicado hace 2 días

Bitcoin, Ethereum, XRP, Dogecoin Sluggish on Unsurprising July Inflation Data

Bitcoin held steady as July CPI inflation cooled to 3.4% year-over-year from 3.5% in June.

Bitcoin, Ethereum, XRP, Dogecoin Sluggish on Unsurprising July Inflation Data
Publisher Benzinga 1 min de lectura
Image via Benzinga

Market Context

Total Market Cap$2.26T-0.47%
24H Volume$194.3B
BTC Dominance55.8%

Updated hace 5 minutos

Layer Index

↓ 5 pts in 24h

Bitcoin held steady as July CPI inflation cooled to 3.4% year-over-year from 3.5% in June.

Notable Statistics:

  • Coinglass data shows 70,067 traders were liquidated in the past 24 hours for $155.39 million.       
  • SoSoValue data shows net inflows of $4.89 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $1.8 million.
  • In the past 24 hours, top gainers include Bitway, NEAR Protocol and Stable.

Notable Developments:

Trader Notes:

CryptosBatman explained Bitcoin remains range-bound between $62,500 support and $65,400 resistance after bouncing from the lower end.

Recovering MFI flashes improving momentum, but a reclaim of the 200 EMA near $64,300 followed by a break above $65,400 is needed to strengthen the bullish setup.

Trader KillaXBT sees current Bitcoin levels as a potentially generational buying opportunity. He argues that investors rotating toward AI could eventually return to BTC at much higher prices. Bitcoin is expected to trade above $160,000 by 2029.

Trader Rekt Capital highlighted that Bitcoin risks turning a modestly positive August into a negative month. The analyst notes that this would align with the historically bearish August performance seen during bear markets.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Follow the Story

  1. Aug 12Bitcoin, Ethereum, XRP, Dogecoin Sluggish on Unsurprising July Inflation Data
  2. Aug 14Bitcoin Pinned at $63,000 as Order Books Thin Out — and the S&P 500 Sets a New Record
  3. Aug 14Bitcoin (BTC) Is Officially Unprofitable: 365-Day Running ROI
  4. Aug 14Ross Gerber says Saylor’s Bitcoin tactics turned him into a skeptic

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