U.S. consumer prices rose 0.1% in July, bringing annual inflation to 3.4%, down from 3.5% the prior month, the Bureau of Labor Statistics reported Wednesday. Bitcoin edged up just 0.33% to around $63,750, while total crypto market cap slipped 0.9% to $2.17 trillion. This muted reaction stems from the figure having been anticipated by markets weeks ago, with investors already positioned as evidenced by $854 million flowing into spot Bitcoin ETFs over the last five sessions. Bitcoin remains stuck between $62,000 support and $67,000 resistance, with traders assigning only a 17% probability it reaches $70,000 this month.
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