Crypto News1 MIN READ
BTCNEUTRAL
Hormuz: An Agreement Expected 'As Early As Tomorrow', Oil Prices Drop but Bitcoin Remains Steady
FG
FOMOGRAM Editorial Desk
Aug 4, 2026
EXECUTIVE SUMMARY
Scott Bessent announced an imminent agreement regarding the Strait of Hormuz, causing oil prices to drop, while Bitcoin remained steady around $63,600. This suggests Bitcoin's resilience to traditional market fluctuations.
Scott Bessent announced an imminent agreement regarding the Strait of Hormuz, causing oil prices to drop, while Bitcoin remained steady around $63,600. This suggests Bitcoin's resilience to traditional market fluctuations.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
Bitcoin's stability amidst fluctuating oil prices indicates its current role as a non-correlated asset.
BTC OVERALL MARKET INDEX: 42 / 100 (NEUTRAL)
Explore all verified news, research, and global sources for BTC.