Bitcoin Nears $64,000 as $114 Million Coldcard Hack and 1,638-Token Strategy Sale Recede
Updated
Updated · CoinDesk · Aug 4
Bitcoin Nears $64,000 as $114 Million Coldcard Hack and 1,638-Token Strategy Sale Recede
3 articles · Updated · CoinDesk · Aug 4
Summary
Bitcoin climbed 1.6% to as high as $64,160, its strongest level since July 31, as selling pressure from the weekend’s Coldcard exploit and Strategy’s latest disposal faded.
$114 million in stolen bitcoin—about 1,816 BTC from more than 5,200 addresses—was traced to a firmware flaw in Coldcard wallets, while Strategy sold 1,638 BTC at an average $63,957 between July 27 and Aug. 2.
ADA jumped to $0.195, a one-month high, with futures open interest hitting a record 2.79 billion coins and buying described as more aggressive than in most major altcoins.
Sentiment still looked fragile: the Crypto Fear & Greed Index sat at 25, or “extreme fear,” even as spot bitcoin ETFs drew $170 million on Monday after $61.5 million of outflows last week.
Derivatives markets stayed subdued in bitcoin and ether, with BTC implied volatility near 36% and options activity clustering around $60,000 puts and $70,000-$72,000 calls, suggesting calm but a potentially unstable range.