CoinDesk·3 min read·medium

Bitcoin stuck as ETF inflows offset selling, but inflation data could spark a move

K
Krisztian Sandor
Bitcoin stuck as ETF inflows offset selling, but inflation data could spark a move
AI Summary

Bitcoin prices remain stagnant within a $62,000-$66,000 range due to a balance between ETF inflows and corporate selling pressure. Analysts suggest that upcoming U.S. inflation data and potential regulatory clarity could serve as catalysts for a market breakout.

BTC slipped to around $63,500, down 0.6% over the past 24 hours. More importantly, the largest cryptocurrency remained trapped in the roughly $62,000-$66,000 range that has contained prices for much of the summer.

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