Crypto Markets Today

Crypto Markets Today

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Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1

The Strait of Hormuz relief trade unraveled after Trump demanded 50 years of Iranian compensation, pushing oil back to $89 and leaving crypto and equities unchanged ahead of a pivotal CPI report.

Bitcoin price (CoinDesk data)

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Bitcoin steadies above $65,000 as Iran-Oman deal talk eases Hormuz concerns, lifts risk assets

BTC rose to $65,209 and Nasdaq 100 index futures gained 0.45% on reports that Iran may strike a deal with Oman to reopen the Strait of Hormuz.

Bitcoin price (CoinDesk data)

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Bitcoin hovers below $65,000 as Middle East tensions escalate further

Brent crude has meanwhile moved to over $83 a barrel after Yemen’s Iran-linked Houthis attacked Saudi Arabia, further escalating tensions in the Middle East.

Bitcoin price, Aug. 7 2026 (CoinDesk)

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Bitcoin, ether benefit as traders seek safety of largest tokens

The two largest cryptocurrencies are the only CoinDesk 20 members in positive territory as altcoins fall out of favor.

A chart of bitcoin's price over the past 24 hours.

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Bitcoin, broader market fail to keep pace as global equities hit record highs

Derivatives data show subdued activity in bitcoin and ether but aggressive positioning in select altcoins.

Chart of bitcoin price over 24 hours

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Bitcoin rises toward $64,000 as Coldcard exploit, Strategy sales recede. ADA advances

Bitcoin advanced as the market settled down following the weekend’s hack of Coldcard wallets and sales by Strategy even as sentiment remained in “extreme fear.”

Chart of bitcoin price over the past 24 hours

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Bitcoin, ether decline as Coldcard exploit enters a fifth day

Nevertheless, the drop in crypto prices seems restrained given the magnitude of losses in the wallet hack and the erosion of confidence in cold storage.

Bitcoin price chart

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Bitcoin, ether fall, equities rally with broader crypto market on track for best month in a year

BTC fell as July drew to a close, even as stocks gained in Asia and U.S. index futures advanced. The CoinDesk 20 index is set to post its biggest gain since July 2025.

CoinDesk

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Crypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still rise

Bitcoin held near $64,000 despite the Fed's hawkish split, Iranian ballistic missiles and an 8% surge in oil overnight that sent the Dow down 2.2% and the Nasdaq to a three-month low.

Bitcoin price (CoinDesk Data)

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Bitcoin steadies above $64,000 as crypto looks to Fed interest-rate decision

BTC added 0.75% before the Federal Reserve's rate decision. Inflation at 4.1% keeps an increase firmly on the table even as oil prices ease.

Bitcoin price (CoinDesk data)