Bitcoin News

Story: Bitcoin Closes July Up 7.5% as Coldcard Hack and Fed Fears Rattle Traders

By Dan Saada

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Leverage Got Flushed Out in Late June. The late June selloff did real damage to leveraged positions.

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The Coldcard Hack and the Self-Custody Question. The Coldcard exploit is the kind of event that cuts deep in crypto circles.

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All Eyes on the Jobs Report Now. August starts with the U.S. jobs report looming. Jeff Anderson of STS Digital thinks a new…

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Bitcoin had a rough final day. Down 3% on July 31, slipping under $63,000 briefly — and yet, somehow, the month ended green. A 7.

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The list of headwinds was long and ugly. Federal Reserve rate hike expectations crept higher. Bond yields climbed. AI-linked trades unwound fast, dragging risk assets broadly.

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Analysts at Bitfinex credit that resilience partly to a cleaner derivatives market.

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The late June selloff did real damage to leveraged positions. Derivatives traders got largely wiped out, and that actually helped Bitcoin in July — average daily liquidations ran…

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It's not a perfect buffer. But it's something.

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The Coldcard exploit is the kind of event that cuts deep in crypto circles. Self-custody — the idea that you hold your own keys, full stop — is basically a founding principle of…

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Paul Howard from Wincent flagged the potential pricing risk directly. The stolen Bitcoin hasn't been liquidated yet, but the possibility that it could be sold into the market is…

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See also: Fed Holds Rates Steady as Yen, Yuan, and Pound Traders Wait

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The broader conversation around self-custody risks isn't new, but the Coldcard incident pushed it back to the front.

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August starts with the U.S. jobs report looming. Jeff Anderson of STS Digital thinks a new volatility regime could be taking shape as investors try to read mixed signals on…

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Bitfinex analysts see caution as the dominant mood. The key question, per their read, is whether Bitcoin ETF inflows pick back up once the Federal Reserve's direction gets clearer.

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Lacie Zhang of Bitget Wallet basically called August "choppy" unless ETF demand strengthens or real yields drop. That's a pretty candid take — and it's probably the right one.

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