Bitcoin rises toward $64,000 as Coldcard exploit, Strategy sales recede.
ADA advances Bitcoin advanced as the market settled down following the weekend’s hack of Coldcard wallets and sales by Strategy even as sentiment remained in “extreme fear.” – Bitcoin rose to just below $64,000 as the market settled down following the weekend’s hack of Coldcard wallets and sales by major corporate holder Strategy, even as broader sentiment remains in “extreme fear.” – Derivatives data show heavy, often hedged positioning in altcoins like ATOM and ADA, while bitcoin and ether futures stay subdued. – ADA has surged to its highest level in a month on strong buying from a shrinking holder base and ecosystem upgrades, making it a rare standout in a mostly little changed altcoin market
Bitcoin Roughly 1,816 BTC, about $114 million, was removed from more than 5,200 addresses since July 30, according to researchers tracking the cold wallet hack, which exploited a flaw in the Coldcard wallet’s firmware. In addition, Strategy (MSTR) sold 1,638 bitcoin between July 27 and Aug. 2 at an average price of $63,957, its third sale of the year and below the company’s $75,419 average cost. Strategy uses the proceeds to fund dividends and buybacks on its preferred stock, STRC.
The Crypto Fear & Greed Index has dropped to “extreme fear” at 25. Spot bitcoin ETFs saw $61.5 million outflows last week, while $170 million came in yesterday. Ether ETFs saw $27.4 million inflows last week, with another $11.4 million leaving on Monday.