Bitcoin was trading near $63,000 and Ethereum around $1,875 on Thursday, as softer-than-expected US inflation data failed to ease pressure across the cryptocurrency market. Bitcoin was last quoted at $63,847, while Ethereum traded at $1,895.

22% respectively. Among the major altcoins, BNB, Solana, Tron, Hyperliquid, and Cardano rallied up to 4%.

Riya Sehgal, Research Analyst at Delta Exchange, said technically, Bitcoin’s rejection from 64,800–65,300 leaves $63,200 as immediate support, followed by $62,400, while Ethereum is testing 1,860–1,875 after failing near $1,920. 0%).

Softer data could support crypto, while an upside surprise may add pressure. BTC needs to reclaim 64,150–64,500 to improve near-term momentum, Sehgal further said.

19 trillion, according to CoinMarketCap. Bitcoin's seller exhaustion constant is at a cycle low, in the historical bottom zone, but remains nearly 33% above the floor of every prior breath market, said CoinDCX Research Team.

Vikram Subburaj, CEO, Giottus said the muted response suggests that improving macro conditions have not yet translated into strong crypto demand. “Investors should avoid chasing short-lived rallies while Bitcoin remains below 64,500-66,000.

Staggered accumulation, limited leverage and disciplined position sizing remain preferable until stronger ETF and spot demand confirm the recovery,” Subburaj further said. 73%, respectively.

78% respectively. 5% in June.

Markets saw little fresh conviction in either direction as the inflation reading landed exactly in line with forecasts. The focus shifts to US Producer Price Index data, due later today, for the next directional cue.

Bitcoin has failed to close above $65,000 on six separate attempts since August 5, Gupta further said. Here is what other analysts sayCoinSwitch Markets Desk: BTC is steadying around 64,000–64,200 after a choppy CPI-day session, having reclaimed the $64,000 handle following a dip to an intraday low near $63,400.

Harish Vatnani, Head of Trade, ZebPay: Bitcoin remains stuck in the 62,000–66,000 range, with steady ETF demand being offset by selling from miners and corporate holders. S.

5%, both broadly in line with expectations. Avinash Shekhar, Co-Founder & CEO, Pi42: The crypto market remains cautious despite US inflation coming broadly in line with expectations.