Bitcoin remained hyper above $79,000 on Friday, 8 May 2026, even as fresh military exchanges between the U.S. and Iran in the Strait of Hormuz pushed oil prices higher and renewed focus on geopolitical risk. The divergence has reinforced the view among some market participants that BTC is holding up better than traditional assets tied more directly to energy and trade disruption.

That backdrop has also kept attention on Bitcoin-linked infrastructure plays. Among them, the Bitcoin Hyper (HYPER) presale continues to gather funds, with the project reporting more than $32.6 million raised as it pitches itself as a Bitcoin Layer 2 built to combine Bitcoin security with Solana-style throughput.

Yesterday’s exchanges of fire between U.S. and Iranian forces in the Strait of Hormuz tested the ceasefire in place since April 7. Reports described missiles, drones, and small-boat activity in one of the world’s most important shipping corridors. President Trump characterized the incident as minor and said the truce remains intact, but crude oil still reacted: WTI rose to $95.64, up 0.69%, while Brent climbed to $101.26, up 1.2%.

Bitcoin, by contrast, did not see a comparable breakdown. Its ability to hold firm despite the escalation has added to the argument that the asset is increasingly being treated as a store of value during periods of macro stress.

On-chain analyst CW said Bitcoin whales are accumulating futures exposure and absorbing retail selling pressure, a pattern that points to continued confidence in the broader BTC trend even as geopolitical headlines intensify.