Bitcoin slips under $63,000 despite Iran deal hopes as Coldcard losses rattle market
Bitcoin prices dipped despite positive geopolitical news regarding U.S.-Iran talks, as the market reacted to significant losses from a hardware wallet vulnerability. While traditional assets like oil and stocks responded to the potential for de-escalation, crypto markets were primarily driven by the security breach affecting Coldcard users.
Why it matters
The divergence between macro-economic indicators and crypto-specific security events highlights the unique risk profile of digital asset markets.
BTC dropped from a Sunday high of $63,600 to $62,800 on Monday, down 1% on the day and 4% over the past week. Ether fell over 1% to $1,858 and has not managed $1,900 since last week, down 5% on the seven-day view. XRP slipped almost 1% to $1.07, solana half a percent to nearly $73, and dogecoin the same to just under 7 cents.
BNB was the only major in the green, flat on the day and up 1.6% on the week. Hyperliquid's HYPE fell 1% to $52.52 and is down 12.8% over seven days, the worst of the top ten.
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