CoinDesk
Pushed back toward $64,000 in Asian trading on Tuesday, BTC added 1.9% over 24 hours and roughly 1% on the week, recovering the $63,000 level it lost during Monday's dip to about $62,250. The recovery came without any resolution to the Coldcard situation: a fourth wave of address sweeps drained roughly 449 BTC from 709 affected addresses on Monday, with Galaxy Research still unable to confirm whether the same operator is behind the latest round.
Why it matters
The market is absorbing a known supply leak rather than reacting to it. Four waves of on-chain theft since the affected firmware shipped, and BTC still trades above $63,000 with daily volume intact. The precedent the bid is defending is that compromised-key drains are a per-holder operational issue, not a protocol-level event that would reprice BTC the way a chain-level break would.
Market impact
Ether lagged at $1,865, up marginally on the day but still down 1% over seven days, the only major large-cap in the red. BNB led the majors at almost 5% over seven days near $591, XRP added 2% to $1.08, and Solana gained over 1% to nearly $74. HYPE bounced over 4% to $54 after last week's slide. Asia equities handed off soft, with the Kospi down 1.1% and a regional semiconductor index off 1% on AI-trade jitters, while Nasdaq 100 futures rose 0.4% on Palantir's 14% after-hours jump on raised guidance. Watch whether BTC can hold $63,000 through the U.S. session: the level has flipped twice in three days, and a third failure would suggest buyers below $62,500 are thinning each retest.
Frequently asked questions
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Why is Bitcoin back near $64,000 on Tuesday?
BTC bounced roughly 1.9% over 24 hours in Asian trading, recovering the $63,000 level it lost during Monday's dip to about $62,250. The market is treating the Coldcard sweeps as a per-holder operational issue rather than a protocol-level event.
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What is the Coldcard wallet vulnerability?
A flaw in certain Coldcard firmware signatures has been linked to four waves of address sweeps since the affected code shipped. The cleanest read-through is compromised signing keys, not a Coldcard protocol break, but Galaxy Research has not yet confirmed a single operator is behind all four waves.
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How much has the Coldcard sweep drained?
The fourth wave on Monday took roughly 449 BTC from 709 affected addresses on the revised count. Cumulative damage across all four waves is higher, but Galaxy has not published a consolidated total.
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Why is ether the only major altcoin down this week?
Ether sits near $1,865, up marginally on the day but still down about 1% over seven days. BNB led the majors at almost 5% over the week, with XRP up 2% and Solana up over 1%.
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What BTC level matters in the U.S. session?
$63,000 has been reclaimed and lost twice in three days. A third failure would suggest buyers below $62,500 are thinning with each retest, while a clean hold would reinforce the bid above the prior low.
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