Bitcoin fell below $64,000 to a one-week low as gold prices climbed to $4,435 per ounce, their highest since early June. Retail investors pivoted to gold, with the GLD exchange-traded fund recording record daily inflows of $637 million, including $50 million from retail investors alone on August 5. Bitcoin maintained a positive 90-day correlation with gold but remains constrained below key resistance near $66,000, with traders watching for the US Consumer Price Index print for July due Wednesday.
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