Bitcoin Steadies Near $64K as Crypto Market Sees Moderate Gains

The crypto market has seen a rise in prices today, August 4th, with Bitcoin (BTC) increasing by 0.9% to $64,267.64. Ethereum (ETH) also rose, up 0.5% to $1,874.13.

Despite the coldcard hack that saw scammers access over $100 million from supposedly safe offline wallets, investors remain optimistic about the market's prospects. The Strait of Hormuz may reopen soon, leading to a fall in oil prices and an improvement in crypto sentiment.

Circle Internet Group gained almost 5% ahead of its earnings report tomorrow, as investors reassess the competitive stablecoin environment. Meanwhile, institutional investment into spot Bitcoin ETFs picked up yesterday, with over $170 million in inflows.