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Bitcoin mempool spikes after $120M Coldcard hack, signaling increased network activity.

Market News
05 Aug 2026
Coindesk
View Source
Neutral
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The $120 million hack of the Coldcard hardware wallet, ongoing since July 30, has triggered a surge in Bitcoin network activity, with mempool transactions reaching the highest level since February 2025. This spike reflects increased coin movements among holders, raising questions about hardware wallet security but also boosting network engagement. Despite this, Bitcoin's price remains stable between $62,000 and $65,000, with market watchers focusing on regulatory developments and bond yields as key factors for future price direction.

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