Bitcoin nears $64,000 as traders look past the fourth Coldcard sweep
Bitcoin is approaching the $64,000 mark as markets show resilience despite ongoing security concerns surrounding a fourth wave of Coldcard firmware-related wallet sweeps. Meanwhile, broader crypto markets saw mixed performance, with major assets like Ether and XRP showing slight fluctuations alongside a volatile equity market.
Why it matters
The persistence of the Coldcard security incident highlights ongoing vulnerabilities in hardware wallet infrastructure, while the market's ability to ignore these events suggests a shift in investor sentiment toward macro-economic factors.
Ether lagged near $1,865, up marginally on the day but still down 1% over seven days, the only major in the red on the weekly view. XRP rose almost 1% to $1.08 and is up 2% on the week. BNB added 1.5% to nearly $591 and leads the majors over seven days at almost 5%.
Solana gained over 1% to nearly $74, tron 1% to 33 cents and dogecoin the same to 7 cents. Hyperliquid's HYPE bounced over 4% to $54 after last week's slide, though it remains down 3% over seven days.
The recovery came without any resolution to the Coldcard situation. A fourth wave of sweeps against addresses generated by the affected firmware ran through Monday, taking roughly 449 bitcoin from 709 addresses on the revised count, and Galaxy Research has not confirmed whether the same operator is behind it.
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