Bitcoin falls below $64,000 and U.S. inflation hits 3.4%, Alan Rogers notes

Bitcoin falls below $64,000 and U.S. inflation hits 3.4%, Alan Rogers notes
Bitcoin near $64,000 as inflation rises

Alan Rogers reports that Bitcoin is trading at $63,700 while Ethereum stands at $1,880. The overall cryptocurrency market capitalization is $2.251 trillion.

ETF flows on August 12 reveal a $61.16 million outflow from Bitcoin funds and a $7.38 million inflow into Ethereum funds. Rogers also highlights that U.S. inflation registered at 3.4% in July and the probability of a Federal Reserve rate hike in September has decreased to 40.1%, down from 48.4% the day before.

In previous coverage, Alan Rogers reported that altcoins accounted for over 60% of Binance trading volume, with Bitcoin and Ethereum comprising smaller shares. In a separate update, he cited that gold climbed above $4,400 per ounce following U.S. job losses in July. These developments highlight recent shifts in both crypto and traditional asset flows tracked by Rogers.

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