{
  "id": 581557,
  "title": "Bitcoin drops to one-week low as retail buys gold at highest prices since June",
  "url": "https://urgent.news/2026/08/11/bitcoin-drops-to-one-week-low-as-retail-buys-gold-at-highest-prices",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T16:24:48.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/markets/bitcoin-drops-to-one-week-low-as-retail-buys-gold-at-highest-prices-since-june"
  },
  "original_language": "en",
  "account": "Bitcoin's price dropped to its lowest point in a week, occurring just before the release of US CPI data. This was accompanied by a surge in retail investors buying gold, with the XAU/USD pair reaching its highest level in nine weeks. On Tuesday, BTC/USD fell below $64,000, finishing 1.5% lower on Monday due to concerns about the US-Iran war and a recent stalemate over reopening the Strait of Hormuz oil route. US stocks remained stagnant amid a 5% increase in oil prices. Retail investors were showing interest in precious metals, as GLD ETF saw $50 million in retail inflows on August 5, its highest single-day figure since mid-March. Overall, Bitcoin's correlation to gold on a 90-day rolling basis remained strong, indicating investors' continued preference for safe-haven assets.",
  "summary": "Bitcoin price action sank to one-week lows ahead of US CPI data, while retail investors piled into gold ETFs and XAU/USD hit its highest levels in nine weeks.",
  "key_points": [
    "Bitcoin hits one-week low at $64,000",
    "Retail investors buy gold at highest since June",
    "US-Iran tensions and oil price rise impact markets"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Meduza (English)",
        "title": "Russia’s Central Bank approves Bitcoin, Ethereum, and USDT for exchange trading — with limits for retail investors",
        "url": "https://urgent.news/2026/08/11/russias-central-bank-approves-bitcoin-ethereum-and-usdt-for-exchange",
        "published": "2026-08-11T18:04:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}