Bitcoin nearly slipped below $62K late Sunday, the kind of weekend price action that makes hodlers check their phones at 3 a.m. By Monday morning, though, BTC had clawed its way back near $64K, up 1.3% over 24 hours. The bounce tracked a broader risk-on mood in traditional markets, with the Nasdaq climbing nearly 2%. But the price recovery is sharing headlines with something more unsettling: a Coldcard exploit that drained 1,367 BTC in under an hour last week, roughly $87 million at current prices. The numbers behind the recovery Bitcoin’s 24-hour gain of 1.3% looks reassuring in isolation. Zoom out to the weekly view, and BTC is still down 2.2%. That’s the kind of chop that keeps traders caffeinated and conviction holders yawning. Ethereum followed a similar script, posting a 0.9% daily gain while hovering below $1,900. Solana ticked up 1.0% and pushed toward $74. None of these moves scream breakout. They whisper “not dead yet.” The Fear & Greed Index sits at 28, firmly in “Fear” territory and barely budged from last week’s reading of 30. For context, a score of 28 means market sentiment is about as enthusiastic as a DMV waiting room. The top-performing category over seven day...
Bitcoin rebounds to $64K as Coldcard hack rattles self-custody confidence
1 month ago
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