The Bitcoin price tried to break past $64,500 today but it did not get there. The inflation numbers came out exactly like everyone expected. No surprise. No reason for anyone to go on a buying spree.
The July CPI showed prices up 3.4% from last year and 0.1% from last month. Core CPI, the one that takes out food and energy, was up 2.5% yearly and 0.2% monthly. All of that matched what people were guessing.
The Bitcoin price poked its head above $64,000 for a second, then fell back to the $63,400 to $64,000 zone. That was it.
One other thing happened too. Some new rule or move around blockchain stock trading came out. That got people paying closer attention to how the U.S. market handles these things.
What you'll learn 👉
SEC Pushes Toward Blockchain-Based Stock Trading
The SEC is exploring an innovation exemption that could facilitate limited trading of tokenized securities, marking a major step in its work on blockchain-based financial markets. SEC officials have said the Commission is developing an exemption for limited trading of certain tokenized securities, with investor protection and market integrity remaining key considerations.
The concept goes beyond simply putting stocks on a blockchain. Tokenized securities could allow assets such as U.S. equities to trade through blockchain infrastructure with faster settlement and potentially extended market access.
SEC Looks to Approve 24/7 Blockchain-Based Stock Trading
— BSCN (@BSCNews) August 12, 2026
SEC sets out a restructuring of federal market rules that would allow U.S. stocks to be traded on approved blockchain platforms 24/7.
This move essentially ends the centuries-old tradition of "market hours," allowing… pic.twitter.com/X1ndlfXNN1
The SEC’s Crypto Task Force has received multiple submissions on how tokenized equities could operate under an innovation exemption, including proposals involving decentralized exchanges and automated market makers.
There is already a real-world example of 24/7 tokenized-security trading. In May, Streamex announced 24/7 secondary-market trading for its GLDY token through a permissioned infrastructure built on Solana, with KYC and accredited-investor requirements.
Bitcoin Price Struggles After $64K Rejection
CPI came out. Bitcoin did not care. Prices rose 3.4% over the past year. That is exactly what everyone thought would happen. Month to month, it was up just 0.1%. Core CPI, the one that takes out food and energy, was up 0.2% for the month and 2.5% over twelve months. Cooler inflation. No fireworks. The BTC price did not take off.
So now $64,000 is the line in the sand. Crypto Lens put out a note. They said the Bitcoin price got turned away at $64,000.
🚨 THE FINAL BITCOIN DUMP HAS JUST STARTED.$BTC just got rejected at the $64K resistance.
— Crypto Lens (@crypto_lens_) August 12, 2026
The plan is simple:
$63K → $57K → $49k → $43k
Next Stops:
→ $57K next week
→ $43K by October
Bitcoin now follows the path to the market cycle bottom.
Quick reminder:
I warned… https://t.co/M7o07HGt0a pic.twitter.com/ZjMT4wE70J
If it keeps sliding, they see it going to $63,000, then $57,000, then $49,000, and eventually $43,000. But those are just numbers from one person. They are not the market saying anything. What matters is what BTC does right around $64,000.
Here is the test. Can Bitcoin get back over $64,000? Or does it lose $63,000? If it breaks above $64,000, that bearish view falls apart. If it drops under $63,000, the bears have a real case to make for lower prices.
Read Also: Ondo Finance Founder Is Gone, Lawsuits Are Piling Up, but ONDO Token Refuses to Die
PPI Is the Next Macro Test
CPI is done. But we are not finished with inflation data yet. On August 13 at 8:30 a.m. ET, the Bureau of Labor Statistics drops the July Producer Price Index.
PPI is next. Here is the simple version. If producer prices come in hotter than people expect, traders might start thinking the Fed cannot cut rates as much. That usually puts pressure on stuff like Bitcoin. If the number comes in cooler, that helps the case for easier money.
But even with a good PPI number, the Bitcoin price still has work to do. It needs to get past $64,000 first. Nothing changes until that happens.
Geopolitics also remains part of the risk equation. President Donald Trump claimed the U.S. has “total control” over the Strait of Hormuz and described the naval blockade as a “wall of steel.” Those comments add another potential source of volatility for oil, inflation expectations and broader risk assets.
🚨TODAY: President Trump says the U.S. has “total control” over the Strait of Hormuz and may retain it, calling the naval blockade a “wall of steel.”
— Coin Bureau (@coinbureau) August 12, 2026
Trump claimed Iran’s military has been decimated and its leadership weakened, adding that Tehran is now “all talk and no action.” pic.twitter.com/mn0ZMk0T35
For now, the numbers are straightforward: CPI is at 3.4% year over year, core CPI is at 2.5%, the BTC price remains near $64,000, and the SEC is working on a framework that could open the door to limited tokenized-security trading. The next major catalyst is PPI, with Bitcoin needing a clean move through $64,000 to give bulls a stronger case.
Frequently Asked Questions
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
