Crypto World
BTC price rises as Coldcard exploit, Strategy sales recede. ADA advances: Crypto Markets Today
Bitcoin rose 1.6% over the last 24 hours, climbing as high as $64,160 to the highest since July 31 before retreating. The rebound followed a selloff spurred by an exploit that targeted a cold wallet over the weekend and bitcoin sales by the world’s largest corporate holder .
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.
You must be logged in to post a comment Login