Bitcoin Price Holds $60K as Coldcard Wallet Theft Fuels Downside Risk
Key Insights
- Bitcoin price in focus as Coldcard wallet theft exposed weak seed randomness across several Coldcard models.
- Firmware updates secure new seeds but cannot repair existing affected seeds.
- Bitcoin trades near $62,600, keeping the $60,000 support level in focus.
Bitcoin price traded near $62,600 after a sharp intraday decline, while a major Coldcard wallet theft raises fresh security concerns. The reported attack drained about 594 BTC, worth roughly $38 million, from around 500 wallets within about 25 minutes.
Researchers linked the losses to a Coldcard firmware flaw that weakened randomness during seed creation. The event has not caused a confirmed market-wide selloff. Still, it adds another pressure point while Bitcoin holds above the closely watched $60,000 level.
Current Bitcoin price data by CoinMarketCap shows the asset traded between roughly $62,400 and $65,300 during the session. That range shows the market was already volatile before the advisory broadened.
Coldcard Wallet Theft Drains Hundreds of Bitcoin Wallets
K33 Research highlighted the Coldcard wallet theft. Security teams then traced a coordinated series of Bitcoin transfers. Early analysis identified about 500 single-signature wallets, each holding more than 0.15 BTC. Many wallets had stayed inactive for years before the attacker moved their balances.
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