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Bitcoin (BTC) is trading in a critical range as traders await the Consumer Price Index (CPI) release on Aug. 12. The outcome could determine whether BTC breaks to new all-time highs or retests the $110,000 support level. Market sentiment remains cautious amid macroeconomic uncertainty.
- Bitcoin's price action hinges on the Aug. 12 CPI release, with potential for either a breakout or a retest of $110,000 support.
- Spot Bitcoin ETFs saw $769 million in net inflows after a $1.45 billion outflow, signaling renewed market confidence.
- Corporate treasury adoption of crypto is growing, with combined net asset value nearing $90 billion, reflecting long-term institutional interest.
📎 Related coverage from: cryptoslate.com