👀 Bitcoin Dips Slightly Following Release of US Inflation Data 🔹 On August 12, 2026, the US Bureau of Labor Statistics published inflation data for July 2026. According to the report, the Consumer Price Index (CPI) came in at 3.4% year-over-year — marking a four-month low and continuing a downward trend since May. 🔹 Following the release, Bitcoin experienced a minor pullback, dropping from roughly $64,500 to $64,000. At the time of writing, the primary cryptocurrency is working to maintain its position above this key threshold. 🔹 Analysts at Wintermute previously noted that the CPI report would serve as a critical test for the recent rally across risk assets, including cryptocurrencies. 🔹 The firm warned that if inflation printed higher than expected, the probability of a September rate hike by the Federal Reserve could surpass 50% once again, risking a reversal of recent risk-on gains.