TLDR
- Bitcoin dropped to $62,570, near its lowest point in August 2026
- Analyst Rekt Capital warns a weekly close below $63,220 could trigger a deeper sell-off
- The SEC delayed its “innovation exemption” for tokenized securities, hitting sentiment
- Strategy sold 1,690 BTC for $108.6 million, adding pressure to the market
- Soft US inflation data failed to lift Bitcoin, even as US stocks hit all-time highs
Bitcoin (BTC) is trading below $63,000 on Friday, August 14, 2026, down around 1.3% on the day to $62,570. The price is near its lowest levels so far this month.
The drop comes despite positive US inflation data that pushed stocks higher. The S&P 500 and Nasdaq both hit all-time highs this week, but Bitcoin did not follow.
Trader and analyst Rekt Capital posted a warning on X, saying Bitcoin needs to close the week above $63,220. He said a close below that level “would probably set price up for a breakdown.” He also noted that $63,000, which had been acting as support, is now failing — and that the 50-month EMA at $65,827 has flipped back to resistance, similar to conditions seen in the 2022 bear market.
Bitcoin is slipping from the ~$63k level (orange) after having produced lesser and lesser rallies from here in recent weeks
A Weekly Close below the orange level would probably set price up for a breakdown$BTC #Bitcoin https://t.co/VPo7PMrVZu pic.twitter.com/RgsNIGcE6L
— Rekt Capital (@rektcapital) August 14, 2026
Analyst Daan Crypto Trades (@DaanCrypto) noted on X that Bitcoin has repeatedly failed to push above $65,000, with every attempt being pushed back down. He pointed out that stocks are at all-time highs while crypto is being left behind. Despite this, he said he is still slowly accumulating spot BTC, adding he doubts BTC will fall meaningfully below $40,000 and still expects it to reach $200,000 at some point.
$BTC Failing to push above the $65K mark.
Every attempt at doing so is being pushed back down. Stocks meanwhile at all time highs and crypto getting left behind again as has been the theme for a while now.
Just keep an eye on the high timeframe levels, there will be plenty of… pic.twitter.com/pFxnLgy0gu
— Daan Crypto Trades (@DaanCrypto) August 14, 2026
Analyst Ted (@TedPillows) flagged that Bitcoin’s daily MACD has flipped bearish, warning that BTC needs to hold the $62,000–$62,500 range or “things could get ugly.”
$BTC daily MACD has flipped bearish.
Bitcoin needs to hold the $62,000-$62,500 level now, or things could get ugly. https://t.co/hnhVWkSPOu pic.twitter.com/RRPN2dkDex
— Ted (@TedPillows) August 14, 2026
SEC Delay Weighs on Sentiment
The US Securities and Exchange Commission is set to delay its planned “innovation exemption” for tokenized securities. The White House and Wall Street raised concerns over the proposal’s legal standing and potential market impact. The SEC canceled a scheduled Friday meeting at the last minute.
Sources told CoinDesk the delay may be linked to ongoing congressional negotiations over the Digital Asset Market Clarity Act, a key piece of crypto legislation that has faced repeated delays due to opposition from banking groups and consumer advocates.
Bitcoin is on track for a weekly loss of more than 3%.
Strategy Sells More Bitcoin
Adding to the pressure, Strategy — the world’s largest corporate Bitcoin holder — disclosed another sale this week, unloading 1,690 BTC for approximately $108.6 million in net proceeds.
Onchain analytics firm Glassnode noted that traders have added “substantial risk, most of it long,” into a market with no matching demand. Open interest in derivatives markets is growing, raising the chances of a long liquidation event near the $61,000 level.
Trading firm QCP Capital noted that softer inflation data has produced only a “muted response” from crypto markets. Macro traders are now watching the August 26 PCE inflation index release — the Fed’s preferred inflation gauge — as the next key data point.
