Bitcoin Falls Toward $64,000 Amid Inflation Concerns

Bitcoin fell back toward $64,000 on Tuesday, August 11, 2026, after failing for a fourth consecutive day to establish support above the $65,000 level. The decline was driven by a combination of fading geopolitical optimism, corporate selling, and caution ahead of key U.S. inflation data due Wednesday.

The world's largest cryptocurrency traded near $64,293, down approximately 1.68% over 24 hours, after sellers rejected another move toward $65,400. The pullback followed a short recovery that had taken Bitcoin above $65,300 on Monday. Market analysts noted the repeated failure to break through the $65,000 to $65,500 resistance zone, where large sell orders absorbed buying pressure.

The market's unease reflects more than ordinary profit-taking. Geopolitical uncertainty resurfaced after hopes for progress around the Strait of Hormuz faded, with President Donald Trump demanding 50 years of compensation from Iran. This helped push Brent crude oil prices to around $89 per barrel, raising broader inflation concerns. The U.S. Bureau of Labor Statistics is scheduled to release the July Consumer Price Index report on Wednesday, August 12, at 8:30 a.m. ET, leaving crypto markets exposed to...