Bitcoin slipped below $64,000 after the latest U.S. Consumer Price Index report matched expectations, a result analysts said gave the Federal Reserve more time to stay on hold but not the conviction needed to pivot toward easing. Because the CPI reading was broadly in line with what markets had already priced in, it failed to deliver the kind of surprise that typically drives a stronger repricing in rate-sensitive assets. The move reflected a macro-driven disappointment rather than panic. Analysts argued that a neutral inflation print does not force the Fed to tighten further, but it also does not provide a clear basis for confident rate cuts, leaving policy in a data-dependent holding pattern. For Bitcoin, which is highly sensitive to liquidity expectations, that wait-and-see backdrop can weigh on short-term sentiment by reducing the incentive to maintain leveraged long positions. The pullback also followed positioning ahead of the data, with traders having looked for a supportive reaction. An unremarkable CPI result instead prompted some exposure trimming rather than a broader reset in market structure. Attention now turns to upcoming Fed communication and the next round of economic releases, as one in-line CPI report alone does not establish a trend.