Snapshot — Aug 12, 2026, 4:49 PM UTC
Why was Bitcoin up on Aug 12, 2026, 4:49 PM UTC?
$63,442
▲ +0.02% (24h) · -0.05% (1h)
Bitcoin is essentially flat over 24 hours (+0.02%) despite moderately positive macro news (CPI at 3.4% supporting Fed pause expectations). The muted price action suggests the market has already priced in the inflation relief, and the recent crypto-specific news (Wintermute AI push, Kalshi derivatives) appears too minor to move the needle significantly.
Sources checked
- Wintermute plans $1 billion AI push beyond crypto: Bloomberg
- Crypto Long & Short:
- America doesn’t need a second-class payments system
- U.S. CPI inflation slows to 3.4% as expected, bitcoin holds near $64,000
- Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%
- Kalshi launches sports and crypto perps data feed on DoubleZero