Bitcoin and the broader crypto market rebounded after oil prices fell toward $82 per barrel on reports that the UAE had released several billion dollars of Iran's frozen assets, including 1.5 tonnes of gold worth roughly $200 million to $283 million, although the latest claims were still unverified by the UAE and the U.S. as of August 13. The reports, linked to The Hormuz Letter and other sources on X, said a Royal Jet Boeing 737-7KK, registration A6-RJA, flew from Abu Dhabi to Tehran's Mehrabad Airport and Payam Airport in Karaj on August 11 and 12, with each stop lasting less than an hour. Reuters had reported in June that the UAE agreed to unlock $10 billion to $20 billion and that more than $3 billion had already been delivered during the U.S.-Iran war, but the UAE Foreign Ministry denied any release at that time and U.S. officials rejected claims of side deals without Iran's denuclearization. Oil's drop snapped a five-day advance as investors hoped for a deal to reopen the Strait of Hormuz, while Bitcoin rose about 1% to near $63,900, traded between $63,267 and $64,329 over 24 hours, and saw volume climb almost 6%. The move came as U.S. CPI inflation slowed to 3.4%, Polymarket showed 26% odds of Bitcoin falling below $60,000 in August while the "no" side stood at 76%, and Bitcoin Magazine said the asset had fallen into its Cost of Production zone, a level historically linked to bear-market bottoms.