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NewsLayer.com
NewsLayer PulseLIVEBTC$72,292+5.64%ETH$2,321+11.14%SOL$87.08+6.75%XRP$1.26+18.47%DOGE$0.08+10.03%ADA$0.197+9.72%Total Cap$2.58T+6.51%Layer Index80 Extreme Greed

Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses

Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs.

Cointelegraph by William Suberg

Publisher Cointelegraph

Aug 14, 2026 at 2:38 PM UTC · 2 min de lecture

Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses
Image via Cointelegraph

Entities

bitcoin, circle

Market Impact

BTC+5.64%$72,292

Last Updated

il y a 6 jours

Traduction…

Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next.

Key points:

  • Bitcoin stays below $63,000, heading steadily closer to new August lows while US stocks build on record highs.
  • Analysis says that $63,220 must be reclaimed by the weekly close to avoid a deeper rout.
  • Markets look to PCE inflation data as the next key test for risk assets.

Bitcoin price sags with stocks at all-time highs

Data from TradingView showed BTC/USD down 1.3% on the day at $62,570, near its lowest levels month-to-date.

BTC/USD four-hour chart. Source: Cointelegraph/TradingView


Despite encouraging US inflation data lifting risk assets and reducing the odds of interest-rate hikes, Bitcoin failed to follow US equities, which closed Thursday’s session at all-time highs. The S&P 500 and tech-heavy Nasdaq Composite Index were both green at the time of writing, up 0.11% and 0.14%, respectively.

BTC/USD vs. S&P 500 one-hour chart. Source: Cointelegraph/TradingView

Commenting on Bitcoin price performance, trader and analyst Rekt Capital warned that Sunday’s weekly close needed to be above $63,220.

“A Weekly Close below the orange level would probably set price up for a breakdown,” he wrote in a post on X.

Market Context

Bitcoin

BTC

$72,294

+5.64% (24H)

Market Cap

$1.45T

24H Volume

$45.5B

24H High

$72,768

View Bitcoin Market Page

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