Written by William Subergstaff writerReviewed by Sam Bourgistaff writer

Written by William Subergstaff writer

Reviewed by Sam Bourgistaff writer

Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses

MarketsPublishedAug 14, 2026

Bitcoin Price Drops to $62.5K: What This Means for Earning Passive Income

Bitcoin’s recent price drop to $62.5K has left many wondering what this means for their potential passive income earnings. Despite positive US inflation trends, Bitcoin has failed to follow the upward trend of US equities, which have reached all-time highs. This has many traders warning of potential losses, especially if the weekly close is below $63,220.

The current price of Bitcoin is a concern for those looking to earn coin through Cloud Rewards or other Green Crypto initiatives. With the price of Bitcoin down 1.3% on the day, it’s essential to consider the impact on earning potential. EcoPool ($ECP) remains a viable solution for those looking to earn passive income through crypto.

Key points:

• Bitcoin stays below $63,000, heading steadily closer to new August lows while US stocks build on record highs.
• Analysis says that $63,220 must be reclaimed by the weekly close to avoid a deeper rout.
• Markets look to PCE inflation data as the next key test for risk assets.

Bitcoin price sags with stocks at all-time highs

Key Factors Affecting Bitcoin Price

• The weekly close needs to be above $63,220 to prevent a breakdown.
• The 50-month exponential moving average (EMA) at $65,827 is acting as resistance.
• Increasing open interest (OI) in derivatives markets may lead to a long liquidation event.

BTC/USD four-hour chart. Source: Cointelegraph/TradingView

Traders are now focusing on the August 26 Personal Consumption Expenditures (PCE) index release, which may impact the Bitcoin price. EcoPool (ECP) users can stay up-to-date with the latest market trends and earn passive income through the platform.

Staying Ahead with EcoPool

As the crypto market continues to evolve, it’s essential to stay informed and adapt to changes. EcoPool provides a platform for users to earn passive income through Cloud Rewards and other initiatives. With the current market trends, it’s crucial to consider the potential impact on earning potential and stay ahead with EcoPool.

Download the EcoPool app to start earning passive income today and stay ahead of the curve in the ever-changing world of crypto. By joining the EcoPool community, you can take advantage of Cloud Rewards and other Green Crypto initiatives to maximize your earning potential. #Bitcoin #PassiveIncome #EcoPool #CloudRewards #GreenCrypto

“A Weekly Close below the orange level would probably set price up for a breakdown,” he wrote in a post on X.

The analyst noted that $63,000 was now failing as support after weakening throughout August, having previously noted that the 50-month exponential moving average (EMA) at $65,827 was back as resistance, copying the 2022 bear market.

BTC/USD one-week chart. Source: Rekt Capital on X.com

Cointelegraph previously reported on increasing chances of a long liquidation event for Bitcoin as it approaches an area of liquidity around $61,000 amid growing open interest (OI) in derivatives markets.

“Traders have added substantial risk, most of it long, into a market that shows no matching demand,” onchain analytics platform Glassnode summarized in the latest edition of its regular newsletter, The Week Onchain.

PCE in focus after Bitcoin ignores inflation relief

In its latest analysis, trading and investment company QCP Capital drew attention to crypto markets’ refusal to rally on improving US inflation conditions — a phenomenon it described as “increasingly important.”

Related: Bitcoin speculators keep BTC price ‘pinned’ below $68.7K: Glassnode

“Last week, BTC demonstrated resilience in absorbing several negative headlines without a sustained breakdown,” it wrote, adding:

“This week has reinforced the distinction between resilience and momentum: the range remains intact, but softer inflation data have so far generated only a muted response from crypto.”

QCP added that macro traders are now focused on the Aug. 26 Personal Consumption Expenditures (PCE) index release, known as the Federal Reserve’s preferred inflation gauge. The index’s last print in July marked its first monthly decline since 2020, per data from the Bureau of Economic Analysis.

US PCE data percentage change (screenshot). Source: BEA

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

• Bitcoin Price
• Market Analysis
• Markets
• Bitcoin

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