B
AL-AMIN SANI BATURE
@batman
Last seen:
23 hours ago
Investment in crypto
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### *Price & Market*
- *Current price*: ∼$65,186 USD, up ∼0.27% in the last 24h. Another tracker has it at $65,236 and Rs 61,96,981 with a 0.30% 24h gain
- *24h range*: High ∼$65,300, Low ∼$64,730
- *Market cap*: ∼$1.30 - $1.31 trillion USD
- *24h volume*: ∼$12.3 billion USD
- *7-day return*: +3.30% 760cf7226143
### *Big News This Week*
1. *ETF money is flowing back in*
U.S. spot Bitcoin ETFs saw $853.54M in net inflows for the week ending Aug 7 — best week since April. BlackRock’s IBIT led with $128.69M on Aug 7 alone. Analysts link it to investors moving to custodial safety after the Coldcard hack.
2. *Security scare: Coldcard hack*
On July 30, hackers drained over 1,000 BTC from ∼1,196 wallets in under an hour. Total losses estimated at ∼$89M to ∼$130M. Issue was a coding error in Coldcard’s random-number-generation software. Over 1,367 BTC total were later reported stolen.
3. *Network split drama*
On Aug 8, BIP-110 proposal caused a minority fork. The main chain rejected blocks not signaling support, but the main chain still has dominant miner support. It’s about limiting non-financial data like Ordinals inscriptions.
4. *Corporate selling*
Strategy (formerly MicroStrategy) sold 1,638 BTC between July 27 - Aug 2 at ∼$63,957 each. 583b9c1196da
### *Market context*
Bitcoin is still down over 20% in 2026 vs its peak above $120,000 late last year. It slipped below $60k in June. Geopolitical tensions around Iran and the Strait of Hormuz have also been adding volatility. 96da35a58da0
*Bottom line*: Price is holding around $65k and bouncing a bit, with strong institutional ETF demand fighting against security concerns and recent selling pressure. 9c11
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