Cardano Leads Crypto Rally as Market Gains Amid $100M Coldcard Hack

The cryptocurrency market rose on August 4, with total market capitalization increasing 0.97% to about $2.17 trillion. Bitcoin (BTC) gained 1.86% to around $63,700 and saw trading volume jump 43%, while institutional demand kept Bitcoin ETFs flowing with $170 million of new inflows on August 3. Despite a recent Coldcard hardware‑wallet exploit that stole more than $100 million from 4,500 addresses, the top ten cryptos all traded in the green.

Cardano (ADA) was the standout performer, climbing 4.43% intraday and up roughly 26% over the past week. Analysts attribute the rally to the blockchain’s transition into the “Dijkstra era,” the approval of a community‑funded treasury roadmap, and a surge in whale accumulation of about 240 million ADA. The potential passage of the U.S. CLARITY Act, which could boost cryptocurrency investment, is also cited as a bullish catalyst.