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

Aug 3, 2026, 6:15 a.m. 2 min readBitcoin slips under $63,000 despite Iran deal hopes as Coldcard losses near $89 million. (CoinDesk Data)SummaryMajor cryptocurrencies fell Monday despite improving macro conditions, with bitcoin slipping about 1% to $62,800 and ether dropping to $1,858.The declines came as a widening exploit of Coldcard hardware wallets has drained roughly 1,367 bitcoin, or nearly $89 million, from about 4,585 addresses across three attack waves.Crypto’s weakness contrasted with falling oil prices, lower Treasury yields and rising stock futures, suggesting the drag is coming from market-specific security fears rather than broader economic forces.Bitcoin, ether and other majors slipped on Monday even as macro conditions improved on fresh talk of a US-Iran deal, with the market still jolted by a Coldcard wallet exploit that has shown no sign of containment.BTC dropped from a Sunday high of $63,600 to $62,800 on Monday, down 1% on the day and 4% over the past week. Ether fell over 1% to $1,858 and has not managed $1,900 since last week, down 5% on the seven-day view. XRP slipped almost 1% to $1.07, solana half a percent to nearly $73, and dogecoin the same to just under 7 cents.BNB was the only major in the green, flat on the day and up 1.6% on the week. Hyperliquid's HYPE fell 1% to $52.52 and is down 12.8% over seven days, the worst of the top ten.The macro tape was pointing the other way all morning. Brent crude futures for October dropped as much as 7.3% to $81.55 a barrel after President Donald Trump said he had called off a strike on Iran and would open fresh talks Monday, with Saudi Arabia among the allies pushing for a deal to reopen the Strait of Hormuz.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.Traders should watch whether bitcoin can hold $62,000 into the Iran talks. A deal that reopens Hormuz would push oil lower again and hand crypto a second chance at the same setup it just missed. Failing to catch a bid on that would confirm the drag is coming from inside the market rather than from the macro.12345678910The Evolution of the Crypto CEX Landscape: A Case Study on BinanceThe Evolution of the Crypto CEX Landscape: A Case Study on BinanceBinance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.Jun 29, 2026Binance 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.View Full Report