Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%

Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.

Bitcoin (BTC) saw weakness around Wednesday’s Wall Street open as markets reacted to key US inflation data.

Key points:

Data from TradingView showed BTC/USD dropping below $63,500, erasing the day’s gains.

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