Bitcoin is trading near $64,000 as traders brace for one of the most important data releases of the month. The U.S. Bureau of Labor Statistics is set to release the July Consumer Price Index (CPI) report at 8:30 AM ET. The market has been stuck in a tight range for weeks. Bitcoin has barely moved, trading sideways between roughly $62,000 and $66,000. Volatility has been crushed. Traders are waiting for a catalyst. Today’s CPI report could be that catalyst.