CoinDesk·4 min read·hard

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

S
Shaurya Malwa
Bitcoin slips under $63,000 despite Iran deal hopes as Coldcard losses rattle market
AI Summary

Bitcoin prices dipped despite positive geopolitical news regarding U.S.-Iran talks, as the market reacted to significant losses from a hardware wallet vulnerability. While traditional assets like oil and stocks responded to the potential for de-escalation, crypto markets were primarily driven by the security breach affecting Coldcard users.

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.

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