# Bitcoin Holds Near $65,000 on Weak US Jobs Data

2026-08-10T11:07:14+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Bitcoin hovered around $65,000 (about Rs 62 lakh) this week after weaker-than-expected US employment data revived expectations of a Federal Reserve rate cut. Crypto analysts said thin trading volumes and cautious spot demand could cap further gains. Investors are now awaiting US CPI and PPI data due later this week, which could provide the next major catalyst. Repeated resistance near $65,000 has kept the market subdued, with ETF demand and trading volumes being watched closely.

## Coverage

- gadgets360.com <https://www.gadgets360.com/cryptocurrency/news/bitcoin-holds-near-usd-65000-as-weak-us-jobs-data-revive-fed-rate-cut-hopes-crypto-markets-crypto-prices-august-2026-11888767>
- gadgets360.com <https://www.gadgets360.com/cryptocurrency/news/bitcoin-slips-below-usd-64000-as-investors-await-us-inflation-data-crypto-markets-crypto-prices-btc-eth-11898986>

Tags: Bitcoin, cryptocurrency, Federal Reserve, inflation data, rate cuts, US jobs data
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