Bitcoin price steadies near $64K as HYPE leads crypto gainers

Bitcoin traded near $63,800 early Thursday, Aug. 13, as crypto markets struggled to build momentum from a U.S. inflation report that came largely in line with expectations. Summary Bitcoin traded near $63,800 as July inflation matched forecasts and failed to ignite fresh momentum. Hyperliquid led large-cap gains, while Velvet topped CoinMarketCap’s top-100 movers with a 23.76% surge Thursday. Bitcoin ETFs posted $61.1 million in outflows, while Ether ETFs attracted $7.4 million of inflows. July consumer prices rose 0.1% monthly and 3.4% annually, matching economists’ expectations for headline inflation. U.S. producer prices arrive Thursday before Jackson Hole, September jobs data, inflation, and Fed meeting. The largest cryptocurrency was little changed over the latest 24 hour period when checked around 06:20 UTC, after trading as low as roughly $63,200 during the previous session. crypto.news placed the broader crypto market capitalization near $2.27 trillion, with Bitcoin accounting for about 56.6% of the market. Bitcoin briefly climbed above $65,000 ahead of the inflation report, but repeated attempts to establish a stronger move above that region failed. The loss of an immediat...