Investing.com — Bitcoin traded just above $63,000 on Saturday, August 1, falling around 1.3% over the previous 24 hours after ending July with a gain of roughly 7.5%, despite rising bond yields, interest-rate concerns and weakness in AI-related stocks. <\/p>\n
Analysts expect trading to remain volatile and range-bound in August as investors assess the prospect of Federal Reserve rate increases, upcoming U.S. employment data and spot Bitcoin exchange-traded fund flows. Bitcoin was trading down 1.13% at $6,3104.1 as of 04:51 ET (08:51 GMT). <\/p>\n
Bitfinex analysts said Bitcoin entered the latest Fed meeting with less leverage than equities after derivatives positions were cleared during the late-June sell-off. Bitcoin briefly fell below $58,000 on July 1. <\/p>\n
Average daily crypto liquidations have since remained below 2026’s typical range of $400 million to $500 million. This reduced the amount of forced selling when broader risk appetite weakened. <\/p>\n
A major Coldcard hardware-wallet exploit has created a new source of pressure. Galaxy Research said 1,082.65 Bitcoin, worth about $70 million, was removed from 1,196 wallets during a 41-minute period on July 30. <\/p>\n
The attacker reportedly recreated private keys offline after a firmware flaw produced predictable wallet seeds. The stolen Bitcoin remains in four addresses, but analysts warned that further thefts could occur and that any liquidation may weigh on prices. <\/p>\n
The incident has also renewed concerns about self-custody. Hardware wallets are designed to keep private keys offline, but the Coldcard breach showed that weaknesses in seed generation can expose funds without an attacker accessing the physical device. <\/p>\n
Institutional demand remains another key factor. Analysts said sustained spot ETF inflows could support Bitcoin, but the signal has yet to emerge. A stronger dollar, higher real yields and weak ETF demand would create a more difficult environment. <\/p>\n
Tether increased its Bitcoin reserves by 1,796 coins during the second quarter, taking its holdings to 98,933 BTC. The USDT issuer reported $1.5 billion in operating profit, though its excess reserve buffer declined by half to $4.11 billion. <\/p>\n
Tether held $187.75 billion in assets against $183.64 billion in liabilities at the end of June. Its USDT issuance rose to $184.6 billion. The company also added 14 metric tons of gold to its reserves during the quarter. <\/p>\n
Crypto price today: altcoins mixed amid muted weekend trading <\/p>\n
Looking at broader crypto prices, altcoins recorded both gains and losses amid thin Saturday trading. <\/p>\n","protected":false},"excerpt":{"rendered":"Investing.com — Bitcoin traded just above $63,000 on Saturday, August 1, falling around 1.3% over the previous 24…\n","protected":false},"author":2,"featured_media":532754,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[6638,114,357,184,268,13368,85,4141,13516,9445,46,2450,8553,9331,266,13517,4861,688,5615,13369,13370,5268,13518,270,13519],"class_list":["post-570158","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-401k","tag-business","tag-business-news","tag-economy","tag-finance","tag-financial-information","tag-il","tag-investing","tag-investment-tools","tag-investor","tag-israel","tag-market-news","tag-mortgage","tag-mutual-funds","tag-personal-finance","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/570158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=570158"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/570158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/532754"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=570158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=570158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=570158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}