India, Aug. 11 -- Crypto Price Prediction for August 12: The crypto market is heading into August 12 with traders watching one number more closely than price charts: the latest US inflation reading. Bitcoin has slipped back below $64,000, while Ethereum has fallen below $1,900 and XRP is hovering around the crucial $1 mark as investors reduce risk ahead of the data.

The US Bureau of Labour Statistics will release the July Consumer Price Index at 8:30 a.m. ET on Wednesday, August 12. The report could influence expectations for Federal Reserve policy and, in turn, determine whether cryptocurrencies attempt a recovery or face another wave of selling.

That leaves Bitcoin, Ethereum and XRP at important technical levels going into the session...