Bitcoin Slips Under $63,000 Amid Coldcard Security Scare

Bitcoin and Ethereum failed to catch a bid recently, slipping even though oil and Treasury yields dropped following fresh US and Iran talks that eased broader inflation fears. Traders usually cheer lower yields, but crypto markets faced unique downward pressure.

That pressure came directly from Coldcard related wallet sweeps. Observed losses from these security incidents climbed to nearly $89 million, rattling user confidence and creating fresh fear across the trading community.

Market watchers are now keeping a close eye on exchange inflows and security updates from hardware wallet users. Protecting assets remains the top priority for traders while the market absorbs these unexpected losses.