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Trump signals potential deal on Strait of Hormuz by Wednesday, and Bitcoin traders are watching closely
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FOMOGRAM Editorial Desk
Aug 5, 2026
EXECUTIVE SUMMARY
President Trump indicated a potential deal on the Strait of Hormuz could stabilize oil markets. A successful agreement may lead Bitcoin to retest $65,000, while failure could push it towards $60,000.
President Trump indicated a potential deal on the Strait of Hormuz could stabilize oil markets. A successful agreement may lead Bitcoin to retest $65,000, while failure could push it towards $60,000.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
Potential resolution of the Strait of Hormuz blockade could significantly reduce global risk, driving Bitcoin towards $65,000.
BTC OVERALL MARKET INDEX: 49 / 100 (NEUTRAL)
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