Bitcoin traded around $63,500 to $63,740 over the past 24 hours as July’s consumer price index matched expectations, keeping the broader crypto market flat near a total capitalization of $2.19 trillion. Ethereum held around $1,880 to $1,885, while XRP fell to about $1.01, down more than 4% for the week. Solana climbed to roughly $76, and BNB outperformed with a daily gain above 2% to near $612. Hyperliquid’s HYPE token initially slipped to $54.60 but later rose more than 3% to $56 in the CPI session, while Dogecoin dropped nearly 3% to 7 cents and Tron added a small gain to just under 34 cents.
The July CPI report showed headline inflation up 0.1% monthly and 3.4% year-over-year, while core CPI rose 0.2% and eased to 2.5%. Because the data landed almost exactly on forecasts, futures markets cut the odds of a Federal Reserve rate hike in September to about 38% from 46% beforehand. Gold rose 1.3%, and Bitcoin briefly gained around half a percent before pulling back. Gabe Selby of CF Benchmarks noted that an in-line inflation print removes a tail risk but does not by itself create a catalyst for crypto.
Elsewhere, 24-hour crypto liquidations fell 13.25% to $164.14 million, and the Fear & Greed Index remained in fear at 37, while the Altcoin Season Index eased to 43. The SEC could unveil a tokenized stock trading exemption as soon as Friday, and Kalshi’s annualized revenue topped $4 billion in July. In traditional markets, AI-related stocks Super Micro Computer and CoreWeave each surged 19%, while South Korea’s KOSPI entered a bull market after rising more than 20% from July lows. Traders now await the Jackson Hole gathering, the September 4 jobs report, and the September 11 CPI release as the next major catalysts.