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A suspected fourth wave of attacks targeting vulnerable Coldcard generated Bitcoin wallets is underway, placing nearly 449 BTC at risk. Blockchain researcher Alex Thorn warned on August 3 that attackers had already swept hundreds of wallets in just over two hours, with the operation still ongoing at the time of his analysis.

The latest incident follows three earlier attack waves that researchers believe are linked to the same weak entropy vulnerability affecting certain versions of Coldcard firmware.

Hundreds of Wallets Targeted

According to Thorn, the latest wave involved 218 transactions affecting 462 suspected victim addresses between Bitcoin blocks 960778 and 969792. Around 388.93 BTC, worth approximately $24.4 million at current prices, was transferred to 216 destination addresses, almost all of which were newly created and had no previous transaction history.

Thorn said the transaction patterns closely matched those seen in earlier Coldcard attacks, giving him strong confidence that these wallets were part of the same exploit. However, he noted that he had not yet received direct confirmation from affected users, which is why he described the wallets as likely victims rather than confirmed ones.

After further review, Thorn removed six destination addresses from his original list after discovering they had been active long before the Coldcard attacks began on July 30. Those addresses accounted for just over 5 BTC.

He also excluded 89 multisignature addresses because none had appeared during the first three attack waves. Following those revisions, the total number of affected single signature addresses stood at 709, with approximately 448.73 BTC, valued at about $28.1 million, either already stolen or involved in pending transactions.

Victims May Still Have a Small Window to Act

Thorn urged anyone using affected Coldcard wallets to move their funds immediately and submit transactions with higher network fees.

He also pointed out that some of the attackers’ transactions were broadcast with Replace by Fee enabled. This means victims whose transactions are still waiting in the Bitcoin mempool may have a brief opportunity to increase their transaction fees and potentially have their own transfers confirmed before the attackers’ transactions.

Earlier Stolen Funds Largely Remain Untouched

Galaxy Research estimates that the first three confirmed attack waves drained 1,367 BTC, worth roughly $85.7 million, from 4,585 Bitcoin addresses.

According to the firm, most of the stolen funds remain untouched in wallets controlled by the attackers, suggesting the thefts are part of a coordinated campaign rather than isolated opportunistic attacks.

Not all of the stolen Bitcoin has remained idle, however. One victim who lost nearly 30 BTC reportedly had 17 BTC transferred through ThorChain before ending up at the Duel online casino. The casino allegedly informed the victim that a police report would be required before it could consider freezing the funds.

Vulnerability Traced to Older Firmware

The attacks exploit a vulnerability affecting wallet seeds generated by certain Coldcard firmware versions released after March 2021.

Coinkite, the manufacturer of the Coldcard hardware wallet, confirmed that seeds created on affected Mk3, Mk4, Mk5, and Q devices are vulnerable. Although updated firmware prevents the issue for newly generated seeds, it cannot protect wallets created with the older compromised versions.

The company said it has destroyed all remaining vulnerable inventory, suspended shipments of affected devices, and is working with customers and law enforcement to identify those responsible for the attacks.

Coinkite has also urged users to migrate their funds to a newly generated seed created on an unaffected device. Thorn warned that every single signature Coldcard wallet generated under the vulnerable conditions is ultimately expected to be drained if users fail to move their funds in time.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ethereum closed July with gains, yet the cryptocurrency remains about 60% below its all time high. At the same time, the blockchain itself is performing better than ever, creating a growing disconnect between the network’s success and the price of its native token.

Recent on chain data shows Ethereum is processing record levels of activity after years of network improvements. However, ETH has struggled to reflect that progress in its market performance, prompting analysts to question why the asset continues to underperform despite the ecosystem’s growth.

Network Performance Reaches New Highs

Since the landmark Merge upgrade, Ethereum developers have introduced several additional upgrades that have significantly improved the network’s scalability. As a result, Ethereum now handles far more activity than it did during its proof of work era.

According to data shared by analyst Tanaka, Ethereum’s layer one network generated more than $88 million in Real Economic Value during the second quarter, representing a 7% increase from the previous quarter. Even so, that figure remains nearly 70% lower than it was a year earlier.

Applications built on Ethereum generated approximately $1.8 billion in fees over the same period, while the base layer captured only about 4.9% of that economic value. This gap highlights how much of the ecosystem’s activity is taking place outside Ethereum’s main network.

Rollups now process around 1,270 user operations per second, compared with roughly 20.4 on Ethereum’s mainnet. Robinhood Chain alone is reportedly handling nearly five times as many operations as Ethereum’s layer one.

While describing Ethereum’s technical progress as impressive, Tanaka questioned how much of that expanding activity ultimately benefits ETH holders.

Current network statistics include:

• Total ETH supply of roughly 121.88 million

• About 41.1 million ETH staked on the Beacon Chain

• Nearly 33.7% of the total supply securing the network

• Staking issuance yield of around 2.6%

• Annualized supply growth of approximately 0.85%

• Seven day blob fee burn totaling only about 0.22 ETH

Ethereum Investment Thesis Is Evolving

Despite ETH’s lackluster price performance, the analyst does not believe Ethereum is fundamentally broken. Instead, they argue that the investment case for ETH is shifting.

Rather than relying on the idea that more users automatically generate more fees and increase ETH burning, Ethereum’s future may increasingly depend on its role as the foundation for tokenized finance.

The value of real world assets on Ethereum has surpassed $17 billion, while the stablecoin market has expanded to nearly $300 billion. According to the analyst, Ethereum’s biggest advantage is no longer low transaction costs but its position as the leading settlement layer for institutional finance.

Looking ahead, several factors could determine whether ETH benefits more directly from ecosystem growth. These include whether layer two activity eventually increases the value of blob space, whether stablecoins and tokenized real world assets generate meaningful on chain economic activity, and whether institutions begin holding ETH as reserve collateral within the Ethereum ecosystem.

Despite the ongoing debate, the analyst remains bullish on Ethereum and plans to continue accumulating ETH, arguing that the network has already solved its long standing scalability challenges and remains well positioned for both the near and long term.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

PayPal is placing greater emphasis on stablecoins after reporting solid second quarter earnings and restructuring its business to give cryptocurrency its own dedicated division.

The payments giant processed a record $486.4 billion in total payment volume during the second quarter, representing a 10% increase from the same period last year. Alongside its earnings report, the company announced the creation of a new Payment Services and Crypto division, highlighting its growing commitment to digital assets.

The new business unit will operate alongside Checkout Solutions and PayPal and Consumer Financial Services and Venmo. PayPal also identified stablecoins as one of its three key innovation priorities, alongside agentic commerce and identity and biometric technologies.

Revenue Climbs Despite Crypto Investment Losses

PayPal generated $8.68 billion in revenue for the quarter, a 5% increase year over year. Adjusted earnings reached $1.38 per share, outperforming analyst expectations of about $1.28 per share.

Transaction margin dollars rose 1% to $3.9 billion, while adjusted free cash flow reached $1.83 billion. Following the strong results, the company increased its full year transaction margin outlook to approximately $15.6 billion and raised the lower end of its adjusted earnings per share forecast to around $5.38.

The company reported $81 million in losses tied to strategic investments and cryptocurrency assets held for investment during the quarter, compared with $74 million in the first quarter. These losses were excluded when calculating adjusted earnings. PayPal noted that the same investment portfolio contributed approximately $0.14 per share to its full year 2025 GAAP earnings.

PayPal’s stablecoin, PYUSD, had a circulating supply of about $2.8 billion by the middle of July, down from more than $4 billion in March. On July 9, the token launched natively on the Polygon network through issuer Paxos. The company says PYUSD is now available across 70 markets.

In December, YouTube began paying eligible creators in the United States using PYUSD. However, research from CoinGecko indicates that PYUSD and Societe Generale’s EURCV still account for only a small share of the stablecoin market, while USDT and USDC continue to dominate with a combined 93.5% of the fiat backed stablecoin supply.

Leadership Focuses on Efficiency and AI

Chief Executive Officer Enrique Lores, who assumed the role on March 1 following Alex Chriss’ departure, has outlined an ambitious cost saving strategy aimed at reducing expenses by at least $1.5 billion over the next two to three years. The company expects to achieve roughly $400 million of those savings by the end of this year.

The efficiency plan extends through 2029 and centers on three priorities: simplifying the company’s organizational structure, improving operations and portfolio management, and accelerating the adoption of artificial intelligence, which PayPal expects will deliver about 40% of the projected savings.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Robinhood posted a record $1.31 billion in net revenue for the second quarter, marking a 32% increase from a year earlier. Strong performance in prediction markets, options, and equities helped offset a significant decline in cryptocurrency revenue.

The company’s transaction based revenue climbed 44% to $776 million during the quarter, with event contracts standing out as one of its fastest growing business segments.

Revenue from event contracts reached $156 million, more than ten times higher than the same period last year. Trading activity also surged, with the number of event contracts rising more than tenfold to a record 13.6 billion.

Prediction Markets Lead Growth

Robinhood Chairman and Chief Executive Officer Vlad Tenev said prediction markets have expanded steadily since March and believes the momentum will continue. In June, the company launched Rothera, a Commodity Futures Trading Commission licensed exchange and clearinghouse, through its joint venture with Susquehanna International Group. Robinhood said more than 3.5 billion event contracts have already been traded on the platform.

Options trading remained another major revenue driver, generating $342 million, up 29% from a year ago. Equities performed even better, with revenue increasing 95% to $129 million. Equity trading volume reached a record $956 billion, representing an 85% increase compared with the same quarter last year.

Despite these gains, cryptocurrency activity weakened. Crypto revenue declined 38% year over year to $100 million. Total crypto trading volume came in at $40 billion, including $18 billion through the Robinhood app and $22 billion from Bitstamp.

Expanding Global Blockchain Strategy

Robinhood continues to expand its presence in blockchain and digital assets worldwide. During the quarter, it launched the public mainnet for Robinhood Chain, an Ethereum Layer 2 network built for financial services and real world assets. The company also introduced stock tokens for eligible users across more than 120 countries.

In May, Robinhood rolled out Agentic Trading, a platform that allows customers to use AI powered agents to trade equities, options, and cryptocurrencies. Nearly 100,000 users have opened Agentic Trading accounts, with more than $100 million in assets under custody.

The company also strengthened its international expansion by completing its acquisition of WonderFi, a Canadian digital asset products and services platform, marking Robinhood’s official entry into the Canadian market.

Highlighting the company’s long term vision, Tenev said:

“Whether it’s the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner. Broad ownership is essential to a free, stable, and prosperous society.”#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

South Korean authorities have arrested several suspects linked to a cryptocurrency investment scam that allegedly stole millions of dollars worth of XRP by posing as a legitimate FXRP investment platform.

The fraudulent scheme targeted XRP holders shortly after the launch of Flare Network’s FXRP token, luring investors with promises of high monthly returns before disappearing with their funds.

The investigation began after an overseas cryptocurrency exchange reported suspicious transactions. Within three days of receiving the alert, investigators tracked the movement of the assets and froze digital wallets containing a large portion of the stolen cryptocurrency.

How the Fraud Operated

According to investigators, the fake investment platform appeared soon after the launch of FXRP in October 2025.

The website promised investors monthly returns ranging from 1.5% to 1.8% while assuring them that their original deposits would remain safe.

To build credibility, the group created a sophisticated online presence that included fake reference websites, blog posts, news articles, and promotional videos designed to convince users the investment opportunity was genuine.

Victims were instructed to transfer their XRP through overseas cryptocurrency exchanges before sending the funds to designated wallet addresses. Authorities said this extra step helped make the transactions appear legitimate while making it more difficult to trace the organizers.

The platform remained online for just over one week before abruptly shutting down after collecting investor deposits.

During that brief period, 71 victims transferred approximately 3.4 million XRP, valued at around $8.6 million, into wallets controlled by the suspects.

Millions in Crypto Traced

Blockchain analysis later revealed that wallets linked to the operation processed digital assets worth approximately $19 million during the course of the scheme.

Authorities successfully froze about $12.1 million held on foreign cryptocurrency exchanges, though the remaining funds have yet to be recovered.

The confirmed losses averaged roughly $121,000 per victim, although individual losses varied widely. Police said at least one investor lost more than one billion won through the fraudulent platform.

The investigation ultimately led to multiple arrests in South Korea. Three men in their twenties and thirties were taken into custody, with two suspected ringleaders facing aggravated fraud charges.

Authorities also confirmed that another alleged organizer remains overseas and is currently the subject of an international alert.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin and Ethereum outperformed most major asset classes in July, recovering strongly after a difficult first half of 2026. However, traders remain cautious as Bitcoin approaches August, a month that has consistently delivered losses in recent years.

Over the past 30 days, Bitcoin gained more than 7%, while Ethereum climbed nearly 20%, making them two of the strongest performing major assets during the month.

Crypto Leads July Performance

According to CoinGlass data, Ethereum rose approximately 19.5% in July, while Bitcoin advanced 7.37%.

A separate comparison from analyst Ash Crypto showed that semiconductor stocks suffered the steepest decline, falling 22% during the same period. The Nasdaq 100 dropped around 9%, while the Russell 2000 declined about 3%.

The S&P 500 also finished lower, though its decline was relatively modest at roughly 1%.

Among commodities, silver lost 2.64%, while gold remained largely unchanged, posting a gain of just 0.38% over the month.

The strong July performance stands in sharp contrast to the difficult start both cryptocurrencies experienced in 2026.

Bitcoin fell more than 10% in January, extending a broader downtrend that began after its October 2025 peak. The decline continued in February with another loss of nearly 15%, before the market stabilized somewhat in March and April.

May ended with a decline of 3.41%, while June marked Bitcoin’s weakest month of the year as the cryptocurrency lost more than 20% of its value.

Ethereum also struggled during the first half of the year, recording losses of 21.26% in the first quarter and another 25.28% during the second quarter.

Bitcoin entered July trading near $58,000 before climbing steadily to a monthly high close to $67,000 last week. Ethereum followed a similar path, rising from roughly $1,500 at the beginning of the month to nearly $2,000 before momentum cooled.

At the time of writing, Ethereum was trading just above $1,900 after slipping about 1% over the past week. Despite its impressive monthly recovery, the asset remains more than 50% below its level from a year ago and approximately 61% beneath its August 2025 record high.

Bitcoin has also settled around $64,000 after absorbing the market volatility that followed the Federal Reserve’s decision to leave interest rates unchanged.

August Seasonality Raises Concerns

Although July delivered welcome gains, historical data suggests August has been one of Bitcoin’s weakest months.

CoinGlass records show that Bitcoin has finished every August since 2022 with negative monthly returns. The cryptocurrency fell 6.49% in August 2025, 8.6% in 2024, 11.29% in 2023, and 13.88% in 2022.

The seasonal trend has left analysts divided over Bitcoin’s next move.

Ali Martinez believes the current bear market could continue until October, while traders Pepesso and Crypto Lens expect another decline before a broader recovery begins in 2027.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Aave is scaling back parts of its lending protocol by removing dozens of low usage assets and ending support for six blockchain deployments as part of a broader effort to streamline operations and reduce exposure to inactive markets.

In a July 30 post on X, founder Stani Kulechov said the changes affect approximately $98.1 million in supplied assets and $15.6 million in outstanding debt. The initiative also introduces two new internal governance frameworks aimed at preventing the protocol from maintaining markets with little user activity.

Aave Moves to Remove Inactive Markets

Kulechov announced that Aave will phase out 50 asset reserves with limited adoption across multiple markets. At the same time, the protocol will discontinue operations on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, impacting another 25 asset reserves.

The overhaul also includes retiring 21 Pendle PT tokens that have reached maturity, replacing them with newer maturity series.

According to implementation documents released with the proposal, risk management firm LlamaRisk and other Aave service providers recommended removing inactive Aave V3 reserves along with the six blockchain deployments.

The inactive reserves account for roughly $85.3 million in supplied assets and $11.5 million in outstanding debt, while the blockchain deployments scheduled for closure hold approximately $12.8 million in deposits and $4.1 million in debt.

On Ethereum, two Bitcoin liquid staking assets, FBTC and eBTC, represent the largest portion of the assets being removed. Combined deposits in the two tokens have fallen from about $72 million six months ago to roughly $16 million today.

Several bridged stablecoins are also being retired after users migrated to their native versions. Meanwhile, the MaticX token is being removed because its issuer, Stader, is discontinuing support for the asset.

LlamaRisk noted that each of the six blockchain deployments now generates less than $5,000 in quarterly revenue, making them too costly to maintain given ongoing oracle and monitoring expenses.

Activity on those networks has declined sharply over the past six months. Deposits on Sonic have dropped from $28.9 million to $7.6 million, while Scroll has seen deposits fall from $16.1 million to just $2.2 million.

To minimize disruption, Aave plans to phase out the affected markets gradually, allowing users sufficient time to withdraw funds or repay loans while reducing liquidation risks. Under the proposed process, each reserve will first be frozen before its supply and borrowing limits are reduced to one.

Oracle Infrastructure Also Under Review

The proposal extends beyond asset reserves to Aave’s price oracle infrastructure.

LlamaRisk recommended retiring several Chainlink price feeds associated with low activity assets across both Aave V2 and V3. According to the assessment, these assets have experienced significant declines in liquidity and trading volume, making accurate price reporting increasingly difficult.

The oracle changes would affect 10 protocol deployments representing approximately $6.76 million in supplied assets and $4.29 million in outstanding debt.

The latest restructuring follows several major developments for Aave this year.

In May, two of the protocol’s United Kingdom subsidiaries secured approval from the Financial Conduct Authority to operate cryptocurrency exchange and electronic money services.

A month later, Grayscale Research estimated AAVE’s fair value at around $175 over the next year, citing the protocol’s strong position in decentralized lending, its approximately 200,000 monthly active users, and its expansion into tokenized real world assets through its institutional lending platform, Horizon.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin remained range bound near $64,500 as investors stayed cautious after the Federal Reserve maintained its hawkish stance on interest rates. At the same time, ongoing tensions between the United States and Iran continued to weigh on broader market sentiment.

Against this backdrop, one important on chain metric tracking short term Bitcoin holders has dropped by 62% over the past nine months.

Short Term Holders Continue to Exit

Crypto analyst Darkfost said short term Bitcoin holders are still realizing substantial losses as market pressure persists.

According to his latest analysis, the realized capitalization of short term holders has fallen nearly 62% since reaching its peak in October 2025.

Darkfost explained that this decline reflects the typical behavior seen during market corrections. Investors who bought Bitcoin at higher prices continue to capitulate and sell, removing older UTXOs from circulation, while new buyers accumulate coins at lower prices and create fresh UTXOs. This naturally reduces the realized capitalization attributed to short term holders.

Historical data shows that previous bear markets saw this metric decline between 70% and 75%. While the current drawdown is approaching that range, it remains unclear whether Bitcoin will continue moving sideways or experience one final wave of selling before establishing a lasting bottom.

Earlier this week, Alphractal founder Joao Wedson suggested Bitcoin may be nearing an important accumulation phase based on separate on chain indicators.

He pointed to the ratio between Long Term Holder Realized Cap and Short Term Holder Realized Cap, which recently climbed to 3.9. In previous market cycles, readings above 4 have closely aligned with major Bitcoin bottoms.

According to Wedson, the growing concentration of realized capital among long term holders signals increasing investor conviction while short term participants continue leaving the market.

Long Term Outlook Remains Divided

Bitcoin’s long term trajectory continues to divide analysts.

Crypto analyst Sykodelic recently argued that the current bear market represents a mid cycle correction rather than the end of the broader bull market. Drawing comparisons with the 2011 to 2013 and 2019 to 2021 cycles, he projected Bitcoin could climb to between $380,000 and $450,000 beginning in March 2028.

His forecast is based primarily on the 200 week simple moving average multiplied by five along with a quantile 95 statistical model.

Not everyone agrees with that outlook, however. Several analysts have challenged both the projected timeline and the methodology behind the prediction.

Bitcoin ETFs Return to Positive Flows

Institutional demand showed signs of improvement on Wednesday as United States spot Bitcoin exchange traded funds recorded their first day of net inflows after four consecutive sessions of withdrawals.

The funds attracted more than $32 million in fresh capital, led by BlackRock’s IBIT, which brought in nearly $90 million.

The overall inflows were partially offset by continued withdrawals from several competing products. Fidelity’s FBTC recorded approximately $43 million in outflows, while Ark 21Shares’ ARKB lost about $14.6 million, limiting the day’s net gains.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic

Ethereum celebrated the 11th anniversary of its genesis block on July 30, capping off a year filled with major network upgrades, institutional adoption, and internal restructuring. Despite continued technological progress, its native token remains well below last year’s all-time high.

Today, Ethereum operates with a 60 million gas limit—double the capacity it had two years ago—while Layer-2 rollups now process roughly 95% of all network transactions.

On its anniversary, the blockchain was processing around 229 transactions per block, or nearly 21 transactions per second on the base layer, with network utilization at approximately 55%.

According to Etherscan data, the base fee hovered around 5.3 gwei, translating to transaction costs of roughly $0.20 for a standard ETH transfer, $0.52 for ERC-20 transfers, and about $3.79 for token swaps.

Scaling Advances and Institutional Adoption Continue

Ethereum’s scaling improvements have coincided with growing institutional interest.

Morgan Stanley recently launched the lowest-cost U.S. Ether exchange-traded product, charging a 0.14% expense ratio while staking between 50% and 80% of its ETH holdings and distributing staking rewards to investors.

BlackRock has also introduced staking within its spot Ethereum fund, making ETHB the firm’s first crypto investment product to generate staking rewards. Both offerings rely on Revenue Procedure 2025-31, which allows exchange-traded products to stake digital assets and distribute rewards without triggering separate tax consequences.

Looking ahead, Ethereum developers are preparing two major upgrades—Glamsterdam and Hegotá—scheduled for later this year.

The project’s 2026 roadmap focuses on three priorities: expanding network scalability, improving user experience, and strengthening the base protocol. Developers also aim to increase the gas limit beyond 100 million per block while incorporating post-quantum security considerations into future protocol development.

ETH Price Still Struggles

Despite the network’s technical progress, Ethereum’s price has endured a difficult year.

As of July 30, ETH was trading around $1,920, representing a 49% decline over the previous 12 months and leaving it approximately 61% below its all-time high of $4,946 reached in August 2025.

Ethereum’s market capitalization stood at roughly $231 billion across a circulating supply of 120.7 million ETH, maintaining its position as the second-largest cryptocurrency behind Bitcoin.

Ethereum Foundation Undergoes Major Leadership Changes

While the Ethereum ecosystem continued to expand, the Ethereum Foundation experienced significant organizational changes over the past year.

Approximately 54 employees—nearly one-fifth of the Foundation’s workforce—departed as the organization restructured into five core divisions focused on protocol development, accessibility, user experience, community and institutional engagement, as well as operations and management.

Longtime community member and investor Ryan Beckmans suggested the departures were largely driven by disagreements over strategic priorities rather than concerns about Ethereum’s long-term future.

Several prominent contributors, including Carl Beek, Julian Ma, Barnabé Monnot, Tim Beiko, Trent Van Epps, and Josh Stark, also left during the restructuring.

Leadership changes followed soon after. Tomas Stanczak stepped down as co-executive director in February, with Bastian Aue appointed interim co-executive director. The Foundation said Stanczak departed after making significant contributions to its mission and operations.

In June, Hsiao-Wei Wang also resigned as co-executive director and board member following her sabbatical. Her departure leaves Vitalik Buterin, Patrick Storchenegger, and Aya Miyaguchi as the remaining members of the Foundation’s board.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin has settled near the $64,000 mark after a volatile stretch surrounding the latest Federal Reserve meeting, while Pi Network continued its strong recovery and Talus (US) surged into the top 100 cryptocurrencies by market capitalization.

The Fed’s decision to keep interest rates unchanged matched market expectations, helping calm price swings across the crypto market. Although most large-cap altcoins traded slightly lower over the past 24 hours, Uniswap (UNI) posted solid gains, while HYPE led the losses.

Bitcoin Holds Above $64K After Volatile Week

Bitcoin started last week with a strong rally, climbing from below $64,000 to a monthly high of $67,000. However, the move stalled as buyers failed to overcome heavy resistance, sending the asset back toward $64,600 before slipping another $1,000 later in the week.

Despite the pullback, bulls defended the $64,000 area throughout the weekend. Bitcoin briefly rose to around $64,500 on Sunday and extended gains by another $1,000 on Monday as investors reacted positively to reports of easing tensions in the Middle East.

The recovery proved short-lived. Sellers quickly regained control, pushing Bitcoin below $62,800 on Tuesday as traders reduced risk ahead of the Federal Open Market Committee (FOMC) meeting.

Following the Fed’s decision to leave interest rates unchanged at 3.50%-3.75%, Bitcoin experienced another round of volatility, briefly climbing to $64,600 before falling to approximately $63,200.

Since then, the cryptocurrency has traded within that range and is currently hovering just below $64,000. Its market capitalization has eased to around $1.28 trillion, while Bitcoin’s market dominance has slipped to 56.3%.

Pi Network and Talus Lead Altcoin Gains

Among the strongest performers, Pi Network’s native token continued its recent rebound. After gaining another 6% over the past day, PI reclaimed the $0.08 level, which now appears to be acting as support. The latest rally followed the project’s announcement regarding the timeline for its next protocol upgrade.

Talus (US) delivered an even stronger performance, jumping 20% in the past 24 hours and an impressive 600% over the past month. The surge pushed the token into the top 100 cryptocurrencies by market capitalization.

Elsewhere, larger-cap altcoins saw more modest moves. Uniswap (UNI) and BEAT gained between 4% and 5%, while HYPE fell about 3% to trade below $54.

Dogecoin declined by more than 1%, and Ethereum, XRP, Solana, and RAIN also posted slight losses of up to 1% as the broader altcoin market remained relatively subdued.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic