14 min ago2 min readBTC steady as oil rallies and stocks drop. (Shutterstock)SummaryBitcoin held near $77,580 despite escalating tensions in the Strait of Hormuz, outperforming gold and stocks as oil prices rose nearly 2%.Bitcoin has gained 23% in August, compared with 9% for gold and 4% for the Nasdaq, amid strong spot ETF inflows and hopes for Federal Reserve intervention.Markets now see a 58% chance of a September interest-rate increase after Fed Chair Kevin Warsh’s hawkish speech, prompting analysts to caution against heavy leverage ahead of the Sept. 4 jobs report.Geopolitical stress is back in the market, lifting oil higher. Still, bitcoin BTC$77,510.21 is trading steadily during Asian hours, showing resilience and outperforming gold and stocks, a recurring theme through August.Oil prices rose on both sides of the Atlantic after the U.S. attacked an Iranian island in the Strait of Hormuz, a major oil tanker route that has been disrupted since the conflict began six months ago. The attack drew retaliatory action from Iran.WTI crude futures jumped nearly 2% to $85.10, with Brent rising 1.9% to $92.39, according to TradingView. Gold fell 0.8% to $4,418 per ounce, and futures tied to the Nasdaq slipped 0.5% alongside losses in Asian equity markets.Bitcoin, however, traded near $77,580, largely unchanged since midnight UTC, according to CoinDesk. BTC’s price has surged 23% this month versus gold’s 9% gain and the Nasdaq’s 4% rise. Other major tokens, however, traded slightly lower. Payments-focused XRP (XRP) fell by 0.8% with solana (SOL) down 0.6%.Bitcoin’s continued outperformance could be linked to strong inflows into spot ETFs and hopes for aggressive intervention by the Fed in the wake of the Treasury’s bond buyback program.However, on Friday, Fed chief Kevin Warsh delivered a hawkish speech at the Jackson Hole Symposium, raising hopes of an interest rate hike in September. Warsh noted that inflation remains insufficiently contained and argued that current financial conditions are not restrictive. He added that recent improvements in inflation are not yet enough to signal a meaningful improvement in underlying price pressures.“The speech prompted a repricing of U.S. rates. Markets now assign a 58% probability of a September hike and price roughly 1.5 hikes by year-end,” Lloyd Chan, FX strategist, at MUFG noted.Some crypto observers continue to call for caution.“Investors should avoid aggressive leverage while macro uncertainty remains high. Staggered entries and smaller positions are preferable. Bitcoin has immediate support near $77,000. The $79,400–$80,800 range remains the key resistance zone ahead of the September 4 U.S. jobs report,” Vikram Subbaraj, CEO of India-based FIU-registered Giottus exchange, said in an email.Related Assets12345678910Anvil: The Missing Collateral LayerAnvil: The Missing Collateral LayerAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Jul 29, 2026Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Why it matters:Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.View Full Report