All major cryptocurrencies, with the exception of ether, saw gains this week, with BTC rising 1.9% in the last 24 hours amid a sell-off in Asian equities linked to AI trading worries.
By Shaurya MalwaUpdated Aug 4, 2026, 5:53 a.m. Published Aug 4, 2026, 5:21 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Bitcoin approaches $64,000 as traders monitor the Coldcard situation. (CoinDesk Data)SummaryShow- Bitcoin rebounded to nearly $64,000 during Asian trading, recovering from a dip to around $62,250 earlier in the week.
- Most major cryptocurrencies saw positive movement, with BNB leading weekly gains and ether being the only major cryptocurrency to show a decline over the past week.
- This resurgence occurred despite ongoing issues with Coldcard wallet sweeps, which have resulted in significant bitcoin losses, while traders remain attentive to whether bitcoin can maintain its position above $63,000 during U.S. trading hours.
In the early hours of Tuesday in Asia, Bitcoin approached the $64,000 mark, reflecting a 2% increase in the last 24 hours and a 1% rise for the week, bouncing back after losing the $63,000 level during the previous day's trading. The lowest point was about $62,250 before an increase brought it above $64,100 overnight.
Ether remained relatively flat at around $1,865, showing slight gains for the day but down 1% for the week, making it the only major cryptocurrency in the negative this week. XRP increased nearly 1% to $1.08, rising 2% over the week. BNB gained 1.5%, reaching nearly $591, leading the major cryptocurrencies with almost a 5% increase over the past week.
Other cryptocurrencies also saw gains, with Solana rising over 1% to nearly $74, tron increasing by 1% to 33 cents, and dogecoin also up by 1% to 7 cents. Hyperliquid's HYPE experienced a rise of over 4% to $54 following last week's decline, although it remains down 3% for the week.
This recovery in the market occurred without any resolution regarding the Coldcard wallet sweeps. A recent fourth wave of sweeps, which targeted addresses created by the affected firmware, took approximately 449 bitcoin from 709 addresses as of the latest count, and Galaxy Research has yet to confirm whether the same operator is responsible for this sweep.
In a separate development, Bitcoin treasury firm Strategy revealed on Monday that it sold 1,638 bitcoin for roughly $105 million between July 27 and August 2, marking its third sale of the year, according to an SEC filing. The average selling price was $63,957, significantly below the company’s average cost basis of $75,419. The proceeds from the sale were allocated to preferred dividends and STRC buybacks rather than reinvested into bitcoin.
Currently, the firm holds 842,138 BTC and has not made any purchases in over five weeks. Michael Saylor noted that these actions increased the dollar reserve to $4 billion and extended its duration by 57 days.
In the broader market, equities had a mixed performance. The MSCI's Asia Pacific index fell by 0.7%, marking its second consecutive decline, with Korea's Kospi dropping 1.1% after previously gaining 2.1%, while a regional semiconductor index also declined by 1%.
Futures for the Nasdaq 100 rose by 0.4%, buoyed by a 14% after-hours surge in Palantir following upgraded guidance, while Amazon saw a 1.6% drop in post-market trading after Jeff Bezos announced a share sale.
Traders will be observing closely to see if bitcoin can stay above the $63,000 mark during U.S. trading hours. This level has been both regained and lost twice within three days, and failing to hold it again could indicate a decline in buyer interest below $62,500.
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The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
By CoinDesk ResearchJun 29, 2026Commissioned byBinanceBinance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
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