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Bitcoin nears $64,000 as traders look past Strategy's BTC sales and Coldcard sweeps
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- DeepHorus
Bitcoin neared $64,000 in Asian morning hours Tuesday, up 2% over 24 hours and 1% on the week. It reclaimed the $63,000 level after dipping to about $62,250 on Monday. 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, making it the only major token in the red on the weekly view. XRP rose almost 1% to $1.08, while BNB added 1.5% to nearly $591 and led majors with a 5% weekly gain. Solana gained over 1% to nearly $74, and Hyperliquid's HYPE bounced over 4% to $54 after last week's slide.
The recovery came without resolution to the Coldcard situation. A fourth wave of sweeps against addresses generated by affected firmware ran through Monday, taking roughly 449 bitcoin from 709 addresses on a revised count. Galaxy Research has not confirmed whether the same operator is behind the latest actions.
Bitcoin treasury firm Strategy disclosed Monday that it sold 1,638 bitcoin for about $105 million between July 27 and Aug. 2, its third sale of 2026. The average price was $63,957, well below the company's $75,419 average cost basis. 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 equities 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. A regional semiconductor index was 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.
