
Bitcoin Loses $63,000 as Retail Sales Fall and ETFs Bleed a Third Day
Bitcoin fell to $62,875 after July retail sales dropped 0.6%, the first decline in nine months, and spot ETFs logged a third straight outflow day.
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Bitcoin fell to $62,875 after July retail sales dropped 0.6%, the first decline in nine months, and spot ETFs logged a third straight outflow day.

Mirae Asset Consulting approved a ₩50 billion injection into Korbit, weeks after taking 97.15% of the exchange and renaming its operator DigitalX Co.

July CPI printed 3.4% year over year, matching every forecast, and bitcoin still slipped below $64,000. Even the Fed-odds trackers could not agree on what the number meant.

Five straight weeks inside $62,000-$66,000, volumes at three-year lows. Desks describe ETF inflows canceled out by OTC selling, with Wednesday's CPI the one catalyst in sight.

Strategy sold 1,690 BTC at an average $64,262, below cost, raised $653.1M from MSTR shares and repurchased STRC preferred. Its dollar reserve now stands at $4.65B.

Bitcoin peaked at $65,416 on Sunday and faded to $64,738. Liquidations fell to $68M, futures volume dropped 60% in a day, and Solana was the only major in the green.

Ether traded between $1,910 and $1,918 on Saturday, above its 20-, 50- and 100-day averages but short of $2,000 and the 200-day line at $2,061.

Difficulty rose 0.99% to 127.48T at the 8 August retarget, above all three published estimates, while hashrate and hashprice readings still refuse to agree.

US spot bitcoin ETFs drew $853.54M over five sessions with no outflow days, 81% of it into BlackRock's IBIT — but the funds are still billions in the red for 2026.

MARA lost $611.3M and CleanSpark $239.8M as revenue fell 27% and 30.5%. Both leaned harder on AI and data-center capacity, and both stocks fell on the print.

Bitcoin's transaction queue hit 89,031 unconfirmed entries on 5 August, with active addresses at a three-month high. The congestion came from wallet migration, not trading.

Circle's second quarter brought $701M of revenue, $73.3B of USDC outstanding and a Coinbase distribution deal renewed through 2029. Arc's mainnet is dated 16 September.