Bitcoin
Why Bitcoin is down 1.7% in the last hour
Analysis
Bitcoin slipped 1.7% over the past hour as risk sentiment weakened following fresh security fears tied to an alleged $38 million Coldcard-related drain, with reports warning that singlesig setups may be vulnerable. The drop also aligns with a more bearish near-term tone in derivatives, as CoinDesk noted heavy interest in the $60,000 put and “mood swings bearish for August,” which can pressure spot as traders hedge downside.
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.