India, Aug. 6 -- Bitcoin and Ethereum prices opened higher on Thursday, August 6, as investors moved back toward riskier assets while negotiations linked to Iran and the Strait of Hormuz continued. A weaker-than-expected July jobs report from ADP also helped support crypto prices by reducing expectations of a possible US interest rate increase at the Federal Reserve's next meeting.

Bitcoin opened at $64,602.32 on Thursday, up 0.9% from Wednesday's opening price. By 9:40 a.m. ET, Bitcoin had slipped slightly to $64,216.91. Ethereum opened at $1,906.96, up 2.1% from Wednesday's opening price, according to Yahoo Finance. By 9:40 a.m. ET, Ethereum had moved slightly lower to $1,901.84.

One reason behind the stronger crypto prices is the lat...