Bitcoin price holds near $64K as DOGE gains 3% before CPI

Bitcoin traded near $63,700 on Wednesday, Aug. 12, as most major cryptocurrencies edged higher ahead of the July U.S. inflation report. Summary Bitcoin traded near $63,700 early Wednesday as markets waited for the July U.S. inflation release. Dogecoin gained nearly 3%, leading major cryptocurrencies, while BNB advanced more than 2% during trading. Hyperliquid fell around 1.6%, remaining the only major cryptocurrency besides Bitcoin showing notable weakness Wednesday. U.S. Bitcoin ETFs returned to modest inflows Tuesday after Monday ended their five day streak. Brent crude approached $90 as geopolitical tensions kept inflation risks elevated before the CPI report. BTC was down about 0.6% over 24 hours at the time of writing, while Dogecoin and BNB led gains among the largest assets. The subdued move follows another failed push above $65,000. Bitcoin briefly moved above $65,000 as ETF demand strengthened on Monday. It then fell below $64,000 as oil revived inflation concerns on Tuesday, leaving the market focused on inflation and the Federal Reserve rate outlook. Bitcoin price stalls while DOGE and BNB lead majors Dogecoin was the strongest performer among the major cryptocurrencies ...