Bitcoin (BTC) Price: Why BTC Is Falling Below $63,000 Despite Positive Inflation Data
TLDR
- Bitcoin dropped to $62,570, near its lowest point in August 2026
- Analyst Rekt Capital warns a weekly close below $63,220 could trigger a deeper sell-off
- The SEC delayed its “innovation exemption” for tokenized securities, hitting sentiment
- Strategy sold 1,690 BTC for $108.6 million, adding pressure to the market
- Soft US inflation data failed to lift Bitcoin, even as US stocks hit all-time highs
Bitcoin (BTC) is trading below $63,000 on Friday, August 14, 2026, down around 1.3% on the day to $62,570. The price is near its lowest levels so far this month.
The drop comes despite positive US inflation data that pushed stocks higher. The S&P 500 and Nasdaq both hit all-time highs this week, but Bitcoin did not follow.
Trader and analyst Rekt Capital posted a warning on X, saying Bitcoin needs to close the week above $63,220. He said a close below that level “would probably set price up for a breakdown.” He also noted that $63,000, which had been acting as support, is now failing — and that the 50-month EMA at $65,827 has flipped back to resistance, similar to conditions seen in the 2022 bear market.
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