{
  "id": 160422,
  "title": "Bitcoin flat at $64,000 as stocks print records and Hormuz deal nears",
  "url": "https://urgent.news/2026/08/05/bitcoin-flat-at-64-000-as-stocks-print-records-and-hormuz-deal-nears",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T04:32:16.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/markets/2026/08/05/bitcoin-flat-at-usd64-000-as-stocks-print-records-and-hormuz-deal-nears"
  },
  "original_language": "en",
  "account": "Bitcoin remained virtually unchanged at $64,000 on Wednesday, as global equities hit new records due to renewed enthusiasm for the AI trade, leaving crypto behind in the rally. Ethereum declined to $1,864, marking a 2% decrease over the week, the only major to lose value. Ripple (XRP) saw a 1% drop, settling at $1.07, while Dogecoin and Tron also experienced minor declines. Solana held steady near $73.60, and BNB gained over 1% to $598, leading the majors over a week.\n\nDespite the bullish equity market, Bitcoin is trading roughly 49% below its October 2022 high of $126,000, and its performance over the past week has been lackluster. Oil prices dropped slightly, Brent crude falling 1.1% to approximately $78.50 per barrel, as reports emerged of a near-deal between Washington, Tehran, and Oman to reopen the Strait of Hormuz, with an announcement expected on Wednesday. The economic backdrop has failed to propel crypto markets forward for three consecutive sessions, suggesting that internal factors rather than macroeconomic conditions are currently driving performance.\n\nBinance continues to be the leading cryptocurrency exchange, broadening its offerings to include Real-World Assets (RWAs), payments, savings, yield products, and a range of financial services.",
  "summary": "BTC held near $64,000 as MSCI's world index set another peak and Brent fell toward a Hormuz deal. Ether is the only major down on the week.",
  "key_points": [
    "Bitcoin flat at $64,000 amid record-breaking stocks",
    "Ethereum declines 2% to $1,864 over the week",
    "Near-deal between Washington, Tehran, and Oman for Strait of Hormuz"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "S&P 500 hits record, Dow surges 700 points after Bessent says Hormuz deal is near: Live updates",
        "url": "https://urgent.news/2026/08/04/s-p-500-hits-record-dow-surges-700-points-after-bessent-says-hormuz",
        "published": "2026-08-04T13:33:42.000Z"
      },
      {
        "outlet": "Cointelegraph",
        "title": "Bitcoin coils at $64K as Hormuz reopening timeline sends S&P 500 to $70T record",
        "url": "https://urgent.news/2026/08/04/bitcoin-coils-at-64k-as-hormuz-reopening-timeline-sends-s-p-500-to",
        "published": "2026-08-04T16:38:54.000Z"
      },
      {
        "outlet": "Hellenic Shipping News",
        "title": "Bessent says U.S. could have deal with Iran “today or tomorrow”",
        "url": "https://urgent.news/2026/08/04/bessent-says-u-s-could-have-deal-with-iran-today-or-tomorrow",
        "published": "2026-08-04T17:00:49.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Dow soars 1,000 points on strong corporate profits, hopes of Iran deal",
        "url": "https://urgent.news/2026/08/04/dow-soars-1-000-points-on-strong-corporate-profits-hopes-of-iran-deal",
        "published": "2026-08-04T18:47:08.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Forex Today: Oil extends collapse on Hormuz reopening reports, Silver surges",
        "url": "https://urgent.news/2026/08/04/forex-today-oil-extends-collapse-on-hormuz-reopening-reports-silver",
        "published": "2026-08-04T19:51:39.000Z"
      },
      {
        "outlet": "Fortune",
        "title": "A deal with Iran on the Strait of Hormuz—with a truckload of caveats—could come as soon as today",
        "url": "https://urgent.news/2026/08/05/a-deal-with-iran-on-the-strait-of-hormuz-with-a-truckload-of-caveats",
        "published": "2026-08-05T10:03:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}