Bitcoin
Why Bitcoin is down 1.5% today
Analysis
Bitcoin fell about 1.5% over the past 24 hours as security fears weighed on sentiment following reports of an ongoing Coldcard-related theft/exploit, including warnings that singlesig setups may be vulnerable. At the same time, bearish positioning into August was highlighted by options activity, with CoinDesk noting the $60,000 put leading flow—reinforcing downside caution.
Contributing Factors (3)
Satoshi Candidate Peter Todd Warns No Bitcoin Is Safe on Singlesig After $38 Million Coldcard Drain
Bitcoin dev Peter Todd slams hardware wallet security after an entropy bug in Coldcard devices allowed hackers to brute-force and drain 594 BTC.
Bitcoin $60,000 put leads the pack as mood swings bearish for August
Your day-ahead look for July 31, 2026
Coldcard Bitcoin Theft Ongoing: Is Your Wallet Affected?
An ongoing Coldcard Bitcoin theft has drained $38 million using weak wallet keys. Migrate your funds now. The post Coldcard Bitcoin Theft Ongoing: Is Your Wallet Affected? appeared first on BeInCrypto...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.