Updated Aug 4, 2026, 5:53 a.m. Published Aug 4, 2026, 5:21 a.m.
2 min read
Bitcoin nears $64,000 as traders look past the fourth Coldcard sweep. (CoinDesk Data)Summary
- Bitcoin rebounded to nearly $64,000 in Asian trading, reclaiming the $63,000 level after dipping to about $62,250 on Monday.
- Major cryptocurrencies mostly advanced, with BNB leading weekly gains and ether the lone large token still down over the past seven days.
- The crypto recovery came despite ongoing uncertainty around unresolved Coldcard wallet sweeps that have drained hundreds of bitcoin, while traders are watching whether bitcoin can hold above $63,000 through the U.S. session.
Bitcoin neared $64,000 in Asian morning hours Tuesday, up 2% over 24 hours and 1% on the week, recovering the $63,000 level it lost during Monday's session. The low came near $62,250 before a steady bid carried it to just above $64,100 overnight.
Ether lagged near $1,865, up marginally on the day but still down 1% over seven days, the only major in the red on the weekly view. XRP rose almost 1% to $1.08 and is up 2% on the week. BNB added 1.5% to nearly $591 and leads the majors over seven days at almost 5%.
Solana gained over 1% to nearly $74, tron 1% to 33 cents and dogecoin the same to 7 cents. Hyperliquid's HYPE bounced over 4% to $54 after last week's slide, though it remains down 3% over seven days.
The recovery came without any resolution to the Coldcard situation. A fourth wave of sweeps against addresses generated by the affected firmware ran through Monday, taking roughly 449 bitcoin from 709 addresses on the revised count, and Galaxy Research has not confirmed whether the same operator is behind it.
Separately, Bitcoin treasury firm Strategy disclosed Monday it sold 1,638 bitcoin for about $105 million between July 27 and Aug. 2, its third sale of 2026, per an SEC filing. The average price was $63,957, well below the company's $75,419 average cost basis, and proceeds went to preferred dividends and STRC buybacks rather than back into bitcoin.
Holdings now stand at 842,138 BTC, and the company has not bought any in more than five weeks. Michael Saylor said the moves lifted the dollar reserve to $4 billion and extended its duration by 57 days.
Meanwhile, broader quities offered a mixed handoff. MSCI's Asia Pacific gauge fell 0.7%, its second straight decline, with Korea's Kospi dropping 1.1% after being up 2.1% earlier and a regional semiconductor index off 1%.
Nasdaq 100 futures rose 0.4%, helped by Palantir gaining 14% after hours on raised guidance, while Amazon fell 1.6% post-market after Jeff Bezos disclosed a share sale.
Watch whether bitcoin can hold above $63,000 through the U.S. session. The level has been reclaimed and lost twice in three days, and a third failure would suggest fewer buyers are stepping in below $62,500 each time.
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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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