Bitcoin, Ethereum, XRP, Dogecoin Sluggish on Unsurprising July Inflation Data

Bitcoin held steady as to 3.4% year-over-year from 3.5% in June.CryptocurrencyTickerPriceBitcoin$63,311Ethereum$1,882Solana$75.74XRP$1.01Dogecoin(CRYPTO: DOGE)$0.07075Shiba Inu(CRYPTO: SHIB)$0.05447Notable Statistics:Coinglass data shows 70,067 traders were liquidated in the past 24 hours for $155.39 million. SoSoValue data shows net inflows of $4.89 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $1.8 million.In the past 24 hours, top gainers include Bitway, NEAR Protocol and Stable.Notable Developments:Gold and BTC ‘React Differently’ to Inflation, Schiff Says: So Why Is Their Correlation Rising?Bitcoin ‘Ignoring Bad News’ Signals We’re at the Bottom of Crypto Winter, Bitwise Exec SaysHyperliquid Pushes for US Perpetual Futures Access: How Did PURR, THYP React?Tom Lee’s BitMine Is Close to Owning 5% of All ETH: What Happens to BMNR When It Does?Are Bitcoin Miners Abandoning Mining for AI? Riot’s Anthropic Deal Has the AnswerCLARITY Act’s Failure Is ‘Ironic,’ ETF Expert Says: ‘Will Result in President Trump’s SEC Doing Whatever They Want’Trader Notes:CryptosBatman explained Bitcoin remains range-bound between $62,500 support and $65,400 resistance after bouncing from the lower end.Recovering MFI flashes improving momentum, but a reclaim of the 200 EMA near $64,300 followed by a break above $65,400 is needed to strengthen the bullish setup.Trader KillaXBT sees current Bitcoin levels as a potentially generational buying opportunity. He argues that investors rotating toward AI could eventually return to BTC at much higher prices. Bitcoin is expected to trade above $160,000 by 2029.Trader Rekt Capital highlighted that Bitcoin risks turning a modestly positive August into a negative month. The analyst notes that this would align with the historically bearish August performance seen during bear markets.Image: Shutterstock