Bitcoin hovers near $63,500 as CPI data fails to spark rally

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Bitcoin traded near $63,500 after the latest U.S. Consumer Price Index report came in broadly in line with expectations. While the on-target inflation print eliminated a significant downside risk for markets, it provided little fresh momentum for a Bitcoin price surge. Traders are now shifting their attention to upcoming economic events as the next potential market movers. Key catalysts on the horizon include the Federal Reserve's Jackson Hole symposium, fresh employment data, and the next CPI release.

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