Bitcoin dropped below $60K after the softer July CPI data print. However, the US government's 10K BTC transfer could have impacted sentiment.
The softer inflation data tipped a slight relief bounce across the U.S. equities market, including the tech-heavy Nasdaq Composite .
It shed 3%, dropping from $61.8K to $58.8K on the 14th of August. At the time of writing, it was weakly holding above the $58k level.Despite BTC’s sluggish intraday session on the 14th of August, market insiders were still upbeat that the CPI print was bullish for BTC.
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