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Bitcoin fluctuates near $65,000 amid security breaches and legislative delays
The cryptocurrency market is navigating significant volatility driven by security breaches, legislative delays, and shifting macroeconomic data. Bitcoin has recently fluctuated around the $65,000 mark, finding support from strong spot ETF inflows despite sell-side pressure from large holders and treasury companies like Empery Digital, which reduced its holdings by 76% since July.
Security concerns have intensified following a major exploit of Coldcard hardware wallets, which reportedly resulted in the loss of over 2,000 BTC and an estimated $130 million. This incident has prompted a rotation of interest toward regulated institutional products, such as spot Bitcoin ETFs, which saw their strongest weekly inflows since April.
In the United States, regulatory progress has stalled as the Senate delayed a vote on the CLARITY Act until September. This legislative delay comes amid warnings from Donald Trump regarding the potential for China to challenge U.S. leadership in the digital asset sector. Additionally, weaker-than-expected July employment data, showing a loss of 23,000 jobs, has influenced market expectations regarding Federal Reserve interest rate policies.
On the altcoin front, Ethereum has seen a recovery, with on-chain stablecoin balances increasing by approximately $700 million during the first week of August. Meanwhile, Grayscale Investments has withdrawn several ETF applications for Cardano, Hedera, and Polkadot, signaling a strategic shift in product offerings.
Entities
Bitcoin · Bitcoin · CLARITY Act · Coinbase · Coldcard · Coldcard hardware wallet · Ethereum · Federal Reserve · Grayscale Investments · John Thune · U.S. Bureau of Labor Statistics · U.S. Senate
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Spot Bitcoin ETFs saw $763.6 million in net inflows during the week. bitcoinmagazine.com · arynews.tv
- [● 5 SOURCES] The U.S. economy lost 23,000 jobs in July 2026. coincu.com · investinglive.com · www.ibtimes.com.au · www.globalcryptopress.com
- [● 4 SOURCES] A security vulnerability in Coldcard hardware wallets resulted in an estimated $130 million in lost Bitcoin. cryptoslate.com · bitcoinmagazine.com · www.foreignpolicyjournal.com · www.actionforex.com
- [● 8 SOURCES] The U.S. Senate delayed the vote on the CLARITY Act until September. www.kapitalmarktexperten.de · www.actionforex.com · news.bitcoin.com · bitcoinmagazine.com · investinglive.com · +2 more
- [● 5 SOURCES] The U.S. unemployment rate was 4.1% in July. coincu.com · investinglive.com · www.ibtimes.com.au · www.globalcryptopress.com · www.nadanews.com
- [● 2 SOURCES] Total cryptocurrency liquidations reached approximately $191.6 million. cryptoslate.com · news.bitcoin.com
- [● 2 SOURCES] Large holders (whales) are actively accumulating Bitcoin, Ether, and XRP. que.com · www.actionforex.com
- [● 10 SOURCES] Bitcoin's price rose above $65,000. www.tronweekly.com · coincu.com · news.bitcoin.com · www.tekedia.com · bitcoinmagazine.com · +3 more
- [● 2 SOURCES] A hack of COLDCARD hardware wallets resulted in the theft of over 2,000 BTC. mastand.com · captainaltcoin.com
- [○ 1 SOURCE] Ethereum on-chain stablecoin balances increased by about $700 million during the first week of August. www.nadanews.com
- [○ 1 SOURCE] Empery Digital reduced its Bitcoin holdings by approximately 76% since July. ambcrypto.com
- [● 2 SOURCES] Spot Bitcoin ETFs saw net inflows of approximately $853.54 million last week. bitcoinethereumnews.com · www.analyticsinsight.net