Crypto Weekly Recap: Bitcoin Slips Below $63,000 as CPI Relief Never Arrives

Bitcoin price today after this week's crypto market drop$Bitcoin is trading around $62,990 on Sunday morning, down 2.7% over the week, with the total crypto market cap holding near $2.19 trillion. Bitcoin fell 2.39% between 7 and 14 August, with five of seven trading sessions ending in negative territory, while Ethereum dropped 1.71%. The slide extended into the weekend, with BTC dipping as low as $62,812 on Saturday before stabilizing.Where the majors finished the week:🔴 Bitcoin ($BTC) around $62,990, down 2.7% on the week🔴 Ethereum ($ETH) around $1,880, down about 1.7%🔴$ XRP around $1.00, briefly under the dollar mark🔴 Solana ($SOL) around $75.30, down about 1%🟢 Monero ($XMR) up 5.3%, one of the few large caps in greenSince mid July the reading has traced an almost flat line in the mid to high thirties while Bitcoin swung between $63,000 and $66,500 above it, which tells you sentiment has been numb rather than panicked. Bitcoin's nearest support and resistance sat at $61,650 and $67,253. Volatility was almost non-existent. BTC's daily move did not exceed 1.5% on any single day, and the ADX reading of 12.37 confirms there is simply no trend here right now.That matters more than it...