Why was Bitcoin up on Aug 8, 2026, 3:31 AM UTC?

Bitcoin's modest gains (1.12% in 24h, 0.18% in 1h) don't appear strongly tied to the recent news—which includes mixed signals like regulatory crackdowns, fork warnings, and skepticism about crypto-friendly legislation, alongside some positive developments like the Bybit asset freeze. The small price movement suggests this is likely routine intraday technical trading rather than a reaction to any single headline.