The crypto market stayed rangebound Thursday as softer U.S. inflation data eased rate-hike fears but failed to trigger a broad risk-on move. Bitcoin held near $63,000-$64,000, while total crypto market capitalization hovered around $2.16 trillion, showing that traders remain cautious despite a more supportive macro backdrop.

July consumer inflation rose about 0.1% month over month and 3.4% year over year, while core CPI eased to roughly 2.5%. The report reinforced the broader disinflation trend, but because the numbers were close to expectations, markets did not receive the kind of surprise that typically drives a sharp repricing in crypto.

Crypto Market Cap Holds Near $2.16 Trillion

The broader crypto market remains locked in…