Bitcoin Edges to $63,500 as U.S. Macro Data May Trigger Volatility

Bitcoin stabilizes at $63,500 amid flat weekend trading. Upcoming Fed minutes and weak retail sales data could drive significant market volatility this week.

Woofun AI reports that Bitcoin rose slightly to $63,500 while the broader cryptocurrency market remained flat over the weekend. The Federal Reserve maintained its interest rate for the fifth consecutive time in July, though three officials supported a hike. Retail sales fell 0.6% month-on-month in July, the first decline in nine months. Key U.S. data releases this week, including Fed meeting minutes, initial claims, and the Philadelphia Fed Manufacturing Index, may increase market volatility.