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#BITCOIN prices fall , the
#PETROLE go up by 5% because of the situation around the Strait of Hormuz .
$BTC $NVDAB On August 11, according to Cointelegraph, Bitcoin fell below $64,500 on Monday, wiping out the weekend gains and returning to a synchronized correction with U.S. markets. Market concerns center on Iran’s cautious reopening of the Strait of Ormuz, with the vice president of Iran stating that “opening the Strait of Hormuz has no military solution.” The WTI rose by about 5% that day to $80.90 per barrel, and the yen continued to weaken against the dollar, reaching 159.
Although prices remain under pressure, Glassnode data shows that the U.S. spot Bitcoin ETF saw a net inflow of $865.3 million last week, with institutional flows described as “exceptionally strong.” CryptoQuant indicates that hedge funds turned to a net long position in CME Bitcoin futures, with CEO Ki Young Ju calling it a “rare” signal, showing that some capital is betting on upside potential, but analysts warn that the rebound remains “exploratory.”