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Bitcoin holds above $64,000 despite record stocks and falling oil; key breakout level at $64,300 watched closely.

Market News
05 Aug 2026
Crypto news
View Source
Neutral
Bitcoin holds above $64,000 despite record stocks and falling oil; key breakout level at $64,300 watched closely.

Bitcoin traded near $64,270 on August 5, showing limited gains despite record highs in global stock markets and falling oil prices. The cryptocurrency remains about 49% below its all-time high and faces resistance at $64,300, a key level for confirming a potential breakout. While U.S. Bitcoin ETFs saw some inflows, overall demand remains weak, contrasting with strong equity and AI sector performance. A possible U.S., Iran, and Oman shipping agreement could ease geopolitical risks and oil prices, but Bitcoin's reaction will be a test of its sensitivity to macro factors. Traders are watching ETF flows, price support near $62,500, and whether Bitcoin can close above resistance to confirm a trend reversal.

More News (BTC)

Over $600M in crypto long positions liquidated as Bitcoin drops near $83K ahead of Fed minutes.

Over $600M in crypto long positions liquidated as Bitcoin drops near $83K ahead of Fed minutes.

More than $600 million in leveraged long positions were liquidated across cryptocurrency markets as Bitcoin fell from above $87,000 to near $83,000. This decline pressured traders who had bet on further price increases, forcing many to exit their pos...

Market News
Bearish
5 hours ago
Michael Saylor defends Bitcoin derivatives, saying they boost demand without capping Bitcoin's supply or potential.

Michael Saylor defends Bitcoin derivatives, saying they boost demand without capping Bitcoin's supply or potential.

Michael Saylor has rejected claims that Bitcoin derivatives like Strategy's digital credit products limit Bitcoin's price potential, including the $1 million target per coin. He argues these products increase capital inflow to Bitcoin without changin...

Market News
Bullish
6 hours ago
Crypto market drops 3.8% with Bitcoin, Ethereum, XRP, and Solana falling amid Fed rate hike concerns.

Crypto market drops 3.8% with Bitcoin, Ethereum, XRP, and Solana falling amid Fed rate hike concerns.

The crypto market cap fell 3.8%, losing about $115.5 billion in value, with Bitcoin down 4.3%, Ethereum 5.8%, XRP 6.3%, and Solana 4.9% over 24 hours. This decline is attributed to a leverage flush as traders closed long positions ahead of Federal Re...

Market News
Bearish
6 hours ago
Bitcoin buyers hold firm between $81K-$82K as whale accumulation grows and sell orders thin above $83.3K.

Bitcoin buyers hold firm between $81K-$82K as whale accumulation grows and sell orders thin above $83.3K.

Bitcoin buyers have been steadily accumulating coins between $81,000 and $82,000 since late September 2026, while sell orders above $83,300 have become scarce. Large investors, or whales, have added over 14,335 BTC since October 1, signaling confiden...

Technical Signals
Bullish
6 hours ago
Bitcoin price edges above $83,000 on Binance with no clear catalyst

Bitcoin price edges above $83,000 on Binance with no clear catalyst

Bitcoin briefly rose above $83,000 on Binance spot trading, reaching $83,132 on October 7. This marks a slight increase from $82,914 just 15 minutes earlier, with a 0.05% gain from the previous hour. The rise occurred without any confirmed market cat...

Market News
Bullish
6 hours ago
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