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Morning Edition · Wednesday, August 12, 2026Published at 1:36 AM EDT · New York
Bitcoin Trades Near $63,700 Before Wednesday's Inflation Report as a Small Spot Fund Winds Down
Dogecoin and BNB gained while bitcoin was the only major asset lower on both the day and the week, and Hashdex will stop trading its bitcoin fund after the August 17 close.
Bitcoin traded near $63,700 in Asian hours, the only major digital asset lower on both the day and the week, while dogecoin rose almost 3 percent to 7 cents and BNB gained 2 percent to $614. A market tracker reading published early Wednesda…
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Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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