Why was Bitcoin up on Aug 7, 2026, 1:10 PM UTC?

Bitcoin's modest upward drift (+1.66% in 24h) appears loosely tied to the U.S. job report dampening Fed rate hike expectations—easier monetary policy typically supports risk assets like Bitcoin. However, the price remains range-bound near $65K despite geopolitical tension and significant wallet movements (Coldcard migration), suggesting these factors aren't currently decisive; the real driver appears to be macro sentiment around interest rates rather than crypto-specific news.