# 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.

- Published: 2026-08-05T05:44:56.721Z
- Canonical: https://polylog.news/crypto/2026-08-05/bitcoin-holds-near-64-000-as-treasury-cash-management-drains
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/08/05/bitcoin-flat-at-usd64-000-as-stocks-print-records-and-hormuz-deal-nears), [CryptoSlate](https://cryptoslate.com/tomorrow-sees-a-massive-liquidity-trap-for-bitcoin-as-the-us-treasury-is-quietly-draining-77-billion-from-bank-reserves/), [CoinDesk (Glassnode)](https://www.coindesk.com/markets/2026/08/04/bitcoin-s-usd63-000-zone-emerges-as-key-battleground-for-buyers-glassnode), [crypto.news](https://crypto.news/xrp-price-tests-1-06-as-open-interest-hits-six-month-low/), [Polylog editors](https://polylog.news)

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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