Bitcoin Shrugs off Coldcard Hack and Clarity Act Delays, Price Chops Higher as Investors Buy ETFs
Bitcoin Magazine
Bitcoin Shrugs off Coldcard Hack and Clarity Act Delays, Price Chops Higher as Investors Buy ETFs
Bitcoin was trading higher on Friday โ despite negative news circulating regarding the Clarity Act delay and a massive exploit of the popular Coldcard wallets.
The biggest cryptocurrency was trading above $65,170 today, up nearly 4% over the past week, despite significant headwinds against the asset.
Little over a week ago, hackers started stealing millions in Bitcoin from Coldcard wallets after discovering a vulnerability in the productโs software. Some estimates put the amount of Bitcoin lost now at over $130 million.
The incident has rattled the BTC community that typically praises cold storage solutions.
And news dropped late Thursday night that the crypto market structure bill would be delayed until September as lawmakers break for recess. The bill, if approved, would set in stone digital asset regulation in the U.S. and would be bullish for the biggest cryptocurrency.
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