Why are crypto prices going down today?

Crypto prices moved lower on Tuesday as investors reduced risk before United States inflation data. The global market value fell 1.57% within 24 hours, reaching $2.18 trillion.

Bitcoin price dropped below $64,000 after failing to maintain Monday’s advance above $65,000. The BTC price was trading at around 63,993 and it fell by approximately 1.8 per cent in the session.

Ether price also fell below $1,900, whereas XRP price hovered close to $1 and was battered down. Losses across major altcoins reflected Bitcoin’s reversal and cautious market sentiment.

Crypto Prices Fall Ahead of US Inflation Data

Other crypto prices like SOL, DOGE, BNB, and Cardano have seen a slight correction over the past 24-hours after a week of recovery.

Key US crypto market events this week include Wednesday’s CPI report and Thursday’s PPI, jobless claims, and two Fed speeches. Retail sales and consumer sentiment data are released on Friday, and core CPI is the largest market-moving release. 

Key Events This Week:

1. July Existing Home Sales data – Tuesday

2. OPEC Monthly Report – Wednesday

3. July CPI Inflation data – Wednesday

4. July PPI Inflation data – Thursday

5. July Retail Sales data – Friday

6. August MI Consumer Sentiment data – Friday

It’s a big week…

— The Kobeissi Letter (@KobeissiLetter) August 9, 2026

A decline in inflation might favor stocks, gold and crypto, and better data may boost Treasury yields and strain risk assets.

Rising oil prices created inflation concerns before Wednesday’s United States consumer price report. Higher energy costs could keep inflation elevated and complicate the Federal Reserve’s interest-rate outlook.

Recent weak employment figures had supported expectations for less restrictive Federal Reserve policy. However, investors now await inflation figures before increasing exposure to Bitcoin and crypto prices.

Strategy’s Bitcoin Sale and Regulatory Delays Pressure Sentiment

Strategy’s latest Bitcoin sale also unsettled the market and added pressure to prices. The company sold 1,690 Bitcoin for $108.6 million during the previous week.

The sale was the fourth week of Bitcoin sales by Strategy. Its fluctuating treasury action alarmed merchants since the company had been an epitome of stable institutional demand.

In the meantime, the larger cryptocurrency bill is still pending Senate approval until lawmakers resume their recess. That lag has restrained the zeal to have better regulations on exchanges, issuers, and decentralized finance platforms.

Bitcoin price now faces support around $63,500, followed by the important $63,000 level. A decisive break may open up the market to increased selling and greater losses in the August Bitcoin outlook.

According to CoinGape prediction data, Bitcoin has a 36% chance of dipping to $60,000 in August 2026, while 64% expect it to remain above that level during the month overall.

The resistance is around $65,000, and Bitcoin has failed to maintain gains at that point. Inflation data, oil prices, and institutional flows will be followed as the next direction of the market by traders.

US Bitcoin ETFs Record $145 Million Outflow as Ether Funds Lose $14.6 Million

The U.S. spot Bitcoin ETF market recorded $145 million in net outflows on August 10. Meanwhile, spot Ethereum ETFs posted $14.59 million in net withdrawals.

U.S. Bitcoin ETFs See $145 Million Outflow; Ether Funds Lose $14.6 Million

U.S. spot Bitcoin ETFs recorded $145 million in net outflows on Aug. 10, while spot Ethereum ETFs posted $14.59 million in net outflows, according to SoSoValue. Grayscale’s Bitcoin Mini Trust (BTC) bucked… pic.twitter.com/J9KlJ1vQgF

— Wu Blockchain (@WuBlockchain) August 11, 2026

According to SoSoValue figures, there was mixed activity among funds in the trading session. The Bitcoin Mini Trust by Grayscale was the top daily Bitcoin inflows of $37.06 million. Its Ethereum Mini Trust topped Ether products after attracting $8.59 million.