Bitcoin Remains Steady at $64,000 Amid Stock Market Records and Hormuz Deal Talks

Bitcoin is holding steady at approximately $64,000, even as global stock indices reach new highs and discussions for a deal regarding the Strait of Hormuz advance.

BTC Stays Near $64,000 While Global Indices Hit New Heights and Oil Prices Drop

By Shaurya Malwa Aug 5, 2026, 4:32 a.m. 2 min read

• Despite a surge in global stock indices fueled by renewed interest in artificial intelligence stocks, major cryptocurrencies like Bitcoin and Ether showed little movement.
• Currently, Bitcoin is trading slightly above $64,000, remaining stable over the last week and still about 49% lower than its peak of $126,000 in October, while Ether is the sole major cryptocurrency to decline this week.
• With falling oil prices, decreased expectations for interest rate hikes, and a robust rally in equities not boosting digital assets, analysts suggest that the stagnation in crypto markets is more about internal dynamics than external economic influences, despite traders closely monitoring the potential Hormuz deal.

On Wednesday, Bitcoin and other major cryptocurrencies remained mostly unchanged, even as global equities soared to new records, highlighting a disconnect typically not seen in crypto's response to equity market movements.

Bitcoin stood at just above $64,000, gaining less than 1% for the day and remaining flat over the past week. Ether dropped to $1,864, marking a 2% decline for the week, making it the only major cryptocurrency in the negative. XRP decreased nearly 1% to $1.07, Dogecoin fell to just under 7 cents, and Tron also dipped slightly to 33 cents. Solana remained stable around $73.60, while BNB rose over 1% to $598, leading the major cryptocurrencies with a 5% increase over the week. Hyperliquid's HYPE was notable, climbing 3% to nearly $56, also up 3% weekly.

In contrast, the equity markets performed robustly. MSCI's All Country World Index increased by 0.4%, moving towards another record close, while the Asia-Pacific benchmark surged by 2.2%. Australian stocks also reached new highs, following the S&P 500 and Dow Jones indices, which both set all-time records on Tuesday.

In the tech sector, SK Hynix saw a 6.4% rise following the opening in Seoul, and Nvidia gained over 2% in after-hours trading, although AMD dropped 9% due to a disappointing sales forecast and SpaceX fell by 7.5% amid increased AI spending projections.

Oil prices declined by 1.1% to about $78.50 a barrel after Axios reported that Washington, Tehran, and Oman are nearing an agreement to reopen the Strait of Hormuz, with an announcement expected on Wednesday. Meanwhile, Treasury bonds and gold saw gains as traders reduced their expectations for further interest rate increases.

While equities are hitting new records, Bitcoin remains approximately 49% below its previous high of $126,000 from last October, and Ether continues to decline this week.

The lack of movement in cryptocurrencies over the last three sessions, despite lower oil prices and a risk-on sentiment in equities, points to a more significant internal market issue rather than macroeconomic factors.

Market watchers are keen to see how the situation unfolds with the anticipated Hormuz announcement. This could serve as the clearest macroeconomic catalyst for cryptocurrencies this week. If the crypto market fails to react positively to a confirmed deal after previously missing opportunities, it signals a shift in buyer interest elsewhere.