Bitcoin defies oil price spike and rising Fed hike bets after best August since 2017

After posting its strongest August since 2017, Bitcoin has held up and even advanced despite a spike in oil prices and rising Fed rate‑hike expectations. The price action signals increased resilience and a partial decoupling from traditional macro drivers that typically pressure risk assets. That resilience may attract further investor and institutional interest, though continued Fed tightening and commodity‑driven inflation still present clear downside volatility risks.