Key facts
- Bitcoin recovered to near $64,000, up 2% in 24 hours and 1% on the week.
- The cryptocurrency had fallen to $62,250 earlier in the week.
- A fourth wave of exploits targeting Coldcard wallets drained approximately 449 bitcoin from 709 addresses.
- Ether lagged behind, down 1% over the week.
- BNB led weekly gains among major cryptocurrencies, up almost 5%.
Bitcoin approached $64,000 during Asian trading hours, marking a recovery from an earlier dip to approximately $62,250. The cryptocurrency saw a 2% increase over 24 hours and a 1% rise on the week, reclaiming the $63,000 level. This rebound occurred despite ongoing concerns about unresolved exploits targeting Coldcard wallets, which have led to significant bitcoin outflows. Traders are closely monitoring whether bitcoin can sustain its price above $63,000 during the U.S. trading session, a level that has been tested multiple times in recent days.
Other major cryptocurrencies also showed gains, with BNB leading the pack with nearly 5% weekly growth. Ether, however, remained the sole large token in negative territory for the week, trading down 1% near $1,865. XRP saw a modest increase of almost 1% to $1.08, also up 2% weekly. Solana, Tron, and Dogecoin experienced gains of over 1%.
The recovery in the crypto market took place without a resolution to the Coldcard wallet issues. A fourth wave of sweeps against affected addresses reportedly drained around 449 bitcoin from 709 addresses, though it remains unconfirmed if the same operator is responsible. Equities provided a mixed backdrop, with MSCI's Asia Pacific index falling 0.7% and a regional semiconductor index declining. Nasdaq 100 futures showed a slight increase, supported by positive guidance from Palantir.