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Bitcoin steady near $64K as stocks hit records and Hormuz deal nears, while Ether dips.

Market News
05 Aug 2026
Coindesk
View Source
Neutral
pluang ai news

Bitcoin remained stable around $64,000 despite global stock markets reaching new highs driven by enthusiasm for AI-related shares. Ether was the only major cryptocurrency to decline over the week, falling about 2%. The market showed little reaction to cheaper oil prices and easing interest rate expectations, suggesting internal crypto market factors are limiting gains. Investors are watching closely for a potential agreement to reopen the Strait of Hormuz, which could be a key catalyst for crypto markets if confirmed.

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