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

Entities
bitcoin, circle
Market Impact
BTC+5.64%$72,292
Last Updated
il y a 6 jours
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.

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
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