Why was Bitcoin up on Aug 8, 2026, 5:34 AM UTC?

Bitcoin is essentially flat over 15 minutes and 1 hour (0.03% each), with modest gains over 24 hours (+1.33%), suggesting consolidation rather than directional momentum. The recent news is mixed—regulatory concerns (Iran sanctions, fork risks) and hacks are offset by some positive signals (ABTC buying, industry developments)—but none appears significant enough to drive the current price action; this looks like typical intraday chop without a clear catalyst.