Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%

CryptoInfo Editorial Team · Published on August 12, 2026 at 15:00 · Updated on August 13, 2026 · 1 min read

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Key Takeaways

→Bitcoin price action is eyeing the $63,000 level.
→US CPI inflation numbers matched expectations, shifting September Fed rate pause odds to 60%.
→A warning has been issued over the $63,000 level potentially failing as support for Bitcoin.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

According to reporting from CoinTelegraph, Bitcoin price action is eyeing the $63,000 level. This development comes as relief in US CPI inflation numbers matched expectations, leading to a significant shift in odds for a September Fed rate pause, now standing at 60%.

Despite the relief in US CPI inflation numbers, Bitcoin price action did not immediately reflect this positive sentiment. Moreover, a warning has been issued over the $63,000 level failing as support, which could have significant implications for the cryptocurrency's price trajectory.

The relationship between Bitcoin prices and broader economic indicators like CPI and Federal Reserve decisions is complex. The Federal Reserve's decisions on interest rates can influence the overall direction of financial markets, including cryptocurrencies like Bitcoin.

Source: CoinTelegraph ↗

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