Bitcoin holds steady below $65K amid stagflation fears

Bitcoin is currently trading in a narrow range just under the $65,000 mark. This price action shows that the digital asset is moving independently from traditional stocks and gold as investors process the latest economic updates.

Recent data from the US Purchasing Managers Index has reignited concerns about stagflation. This economic condition, where slow growth meets high inflation, often creates a difficult environment for risk assets. The market is now watching closely to see how these macroeconomic pressures influence investor behavior.

Analysts are keeping a close eye on whether Bitcoin can break out of its current compression. As the link between crypto and traditional markets shows signs of fading, traders are focusing on whether institutional interest can push the price past current resistance levels.