Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support. Bitcoin is eroding $63,000 support, the latest market analysis warns. Bitcoin falls despite US inflation data matching expectationsData from TradingView showed BTC/USD dropping below $63,500, erasing the day’s gains. Source: Cointelegraph/TradingViewUS stocks were calm after the July print of the US Consumer Price Index (CPI) matched expectations, at 0.1% month-on-month and 3.4% year-on-year. Source: BLSWhile not repeating the surprise move to the downside seen in June, CPI inflation avoided injecting volatility into risk assets.