# Bitcoin opens higher as Hormuz talks and weak US jobs data lift risk appetite 2026-08-06T17:41:44+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Bitcoin opened 0.9% higher at $64,602.32 on Thursday, while Ethereum rose 2.1% to $1,906.96, as investors returned to riskier assets. By 9:40 a.m. ET, they had eased to $64,216.91 and $1,901.84 respectively, according to Yahoo Finance, cited by Hindustan Times. Negotiations linked to Iran and the Strait of Hormuz helped calm concerns about energy supplies. Weaker-than-expected US private-sector jobs data for July also reduced expectations of another Federal Reserve rate increase. The recovery remains fragile. Bitcoin is about 43.4% below its level a year earlier and roughly half its 2025 record of $126,198.07. Ethereum is also below half its $4,953.73 peak. Hindustan Times reports that Bitcoin has historically fallen about 4.3% in August, although it rose during the bull markets of 2020 and 2021. Future moves will depend on geopolitical developments and US economic data. ## Coverage - hindustantimes.com Tags: Bitcoin, cryptocurrency, Ethereum, Strait of Hormuz, US jobs data Canonical: https://indianopinion.org/bitcoin-opens-higher-as-hormuz-talks-and-weak-us-jobs-data-lift-risk-appetite/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bitcoin-opens-higher-as-hormuz-talks-and-weak-us-jobs-data-lift-risk-appetite/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.