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Bitcoin nears $64,300 as traders eye US-Iran-Oman oil deal and ETF flows amid mixed crypto market.

Market News
05 Aug 2026
Blockonomi
View Source
Neutral
Bitcoin nears $64,300 as traders eye US-Iran-Oman oil deal and ETF flows amid mixed crypto market.

Bitcoin traded near $64,270 on August 5, showing less than 1% gain despite record stock markets and falling oil prices. Traders are watching a potential US, Iran, and Oman shipping deal that could lower oil prices further, which usually benefits Bitcoin by easing inflation and lowering bond yields. US spot Bitcoin ETFs saw inflows of $19.6 million after recent heavy outflows, signaling some renewed investor interest. Analyst Ali Martinez highlighted $64,300 as a key resistance level; a close above it could trigger a rally toward $65,500 or $66,500. Meanwhile, BitMEX co-founder Arthur Hayes warned of an AI-driven debt bubble that might cause short-term volatility but could eventually push Bitcoin past $1 million if a credit crisis prompts government intervention.

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