Bitcoin rebounds 1.6% to $64,160, recovering from weekend selloff tied to a cold wallet exploit and corporate sales.
Bitcoin climbed 1.6% in the past 24 hours, reaching $64,160, its highest level since July 31, before paring gains. The recovery follows a weekend selloff triggered by an exploit targeting a cold wallet and sales by a major corporate holder.
Prior to the rebound, Bitcoin had fallen below $63,000 amid heightened volatility. The exploit, which raised security concerns, and large-scale sales contributed to the downturn. Market sentiment stabilized as the immediate risks receded.
ADA also advanced, reflecting broader cryptocurrency market resilience. No immediate market reaction data was reported beyond the price movement.