Bitcoin Pulls Back as Gold Takes the Spotlight Ahead of CPI

Bitcoin slipped to around $64,000, hitting a one-week low as traders turned cautious ahead of Wednesday’s U.S. CPI report.

Gold moved in the opposite direction, climbing toward $4,435 an ounce, its highest level since June 5.

Retail investors have also been showing stronger interest in gold, highlighting renewed demand for traditional safe-haven assets.

Bitcoin remains more sensitive to interest rates, liquidity and overall risk sentiment.

That makes the upcoming CPI report especially important.

A softer CPI could push the dollar and Treasury yields lower, potentially supporting Bitcoin and other risk assets.

A hotter CPI, however, could strengthen the dollar and keep pressure on crypto.

Bitcoin is now facing resistance around $66,000. A break above this level could improve its short-term outlook.

For now, traders are watching one key question:

Will Bitcoin rebound after CPI, or will investors continue to favor gold?