Morning Edition · Wednesday, August 5, 2026Published at 1:44 AM EDT · New York
Bitcoin Holds Near $64,000 as Treasury Cash Management Drains Bank Reserves
Global equity indexes rose and Brent crude fell as a possible Strait of Hormuz agreement approached, while XRP open interest declined.
Bitcoin held near $64,000 through Wednesday morning while MSCI's world equity index set another peak and Brent crude fell, according to CoinDesk. Ether was the only major asset lower on the week. The divergence between crypto and equities h…
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Dollar Liquidity Sets Crypto's Direction
Bank reserve levels and Treasury cash management increasingly determine crypto price direction more than crypto-native flows, tying digital assets to the same funding cycle as leveraged equities.
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