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Bitcoin dips below $63K after Coldcard hack and ahead of two key August forks.

Market News
01 Aug 2026
Bitcoin
View Source
Bearish
pluang ai news

Bitcoin fell below $63,000 following a major security breach in Coldcard hardware wallets that drained over 1,100 BTC, shaking market confidence. This incident coincides with two upcoming August events: the uncertain BIP-110 soft fork starting miner signaling around August 7, and the planned eCash hard fork on August 21, which will create a separate blockchain. Additionally, institutional investors continue to pull out, with $265 million in ETF outflows reported, adding to bearish sentiment. Traders will watch if Bitcoin can regain the $64,000-$65,000 range or drop further toward $58,000-$60,000, while monitoring developments around the forks and ETF flows.

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