Bitcoin slips under $63,000 despite Iran deal hopes as Coldcard losses rattle market

Treasuries rallied across the curve as the oil move eased inflation worries, taking the 10-year yield down four basis points to 4.69% after it hit its highest since January 2025 last week. Nasdaq 100 futures and European share futures both gained 0.8%. Gold added 0.3% to about $4,060 an ounce.

Falling oil, falling yields and rising stock futures usually give crypto a lift. This time bitcoin ignored all three — because the pressure on it is coming from a broken hardware wallet rather than from the macro.

As CoinDesk reported Sunday, a third wave of sweeps against Coldcard-generated addresses were found over the weekend, bringing observed losses to 1,367 bitcoin, nearly $89 million, across 4,585 addresses.

The average haul per address has fallen with each wave, which suggests the attacker has worked through the large balances, and later moved to emptying wallets worth a few thousand dollars.

Wave one took 1,083 bitcoin from 1,196 addresses on July 30, but wave three took 208 BTC from 1,912 wallets, which is more wallets for a fifth of the money.

Meanwhile, ether funds took small inflows on Friday while bitcoin funds saw an outflow, an unusual split for a market where bitcoin normally sets the direction and ether follows.