{
  "id": 729114,
  "title": "Bitcoin slips near $63,500 as traders look past CPI to Fed’s next tests",
  "url": "https://urgent.news/2026/08/13/bitcoin-slips-near-63-500-as-traders-look-past-cpi-to-feds-next-tests",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T03:39:06.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/08/13/bitcoin-slips-near-usd63-500-as-traders-look-past-cpi-to-fed-s-next-tests"
  },
  "original_language": "en",
  "account": "Bitcoin's price slid to within $63,500 on Thursday, experiencing a decline of more than half a percent in the day and nearly 2% over the past week. The U.S. inflation report, released in line with expectations, helped ease market concerns but failed to spark significant movement. Hyperliquid's HYPE stood out, rising over 3% to $56, although it remained unchanged over the week. Tron increased slightly to just under 34 cents, and it gained 2% over the past seven days. All other assets declined. Dogecoin plunged nearly 3% to 7 cents, XRP fell over 1% to $1, and it has lost nearly 5% over the week. BNB decreased by over 1% to $610, Solana dropped slightly under 1% to $76, and Ether edged marginally to $1,880.\n\nThe July data aligned closely with what economists had anticipated. The headline inflation rose by 0.1% month-over-month and 3.4% year-over-year, while the core measure, excluding food and energy, increased by 0.2% and softened to 2.5%. This information reduced the likelihood of a Federal Reserve rate increase in September, with futures markets lowering the probability from 46% to around 38%. Gold rose 1.3% after the release, Ether gained just over 1%, Bitcoin saw a decline of around half a percent, and S&P 500 futures increased by 0.2%. Gabe Selby, CF Benchmarks' head of research, stated that Bitcoin is most affected when inflation data alters expectations about interest rates, with an average 3.25% increase during the three instances in the past nine releases when inflation fell short of expectations. A lower-than-expected report on July 14 led to a 4.24% rally. Selby suggested that an in-line report can eliminate tail risk; however, a genuine surprise is required to create a catalyst. He believes the Fed may wait, given that shelter costs rose by only 0.1%, energy decreased by 1.5%, and gasoline fell by 2.9%. Some goods categories have surpassed last year's tariff-driven price increases. The upcoming challenges include the Jackson Hole gathering of central bankers later in the month, the September 4 jobs report, and the September 11 inflation report. Equities responded positively to the news. MSCI's Asia Pacific index rose almost 1%, with Samsung Electronics and SK Hynix leading the gains, while Korea's Kospi surged almost 4% and entered a technical bull market, up 22% in ten days. The sentiment was not consistent, as Cisco declined over 4% in after-hours trading following disappointing earnings and Cerebras Systems lost 17% due to declining hardware sales. Brent crude reversed six days of gains, easing after a period that had driven it to $90 a barrel. This occurred as an Islamic Revolutionary Guard Corps adviser, General Mohammad Reza Naqdi, revealed that Iran was preparing to carry out operations within the U.S. under a new military doctrine. Zcash's Tachyon upgrade aims to scale shielded payments, enhance quantum readiness, and test the effectiveness of its funding, security, and governance.",
  "summary": "An in-line inflation print removed a tail risk but gave BTC little reason to rally, leaving Jackson Hole, jobs data and the next CPI release as the market’s next catalysts.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}