Bitcoin Holds Steady Near $64,000 as Hyperliquid Outperforms

BTC stabilizes at $63,600 following in-line U.S. CPI data. Broader market cap drops 0.54% to $2.18T while Hyperliquid leads gains.

Woofun AI reports that Bitcoin stabilized near $63,600 after Wednesday's U.S. inflation data aligned with expectations, calming market nerves without triggering decisive moves. The asset gained 0.30% since midnight UTC, whereas total crypto market capitalization declined 0.54% to $2.18 trillion over 24 hours.

July CPI matched forecasts at 3.4% year-over-year, with core inflation easing to 2.5% from 2.6%. Producer price inflation data scheduled for 12:30 UTC may further influence the lackluster market.

Meanwhile, S&P 500 futures rose 0.13% and Nasdaq 100 futures remained flat, while Hyperliquid demonstrated superior performance relative to broader assets.