Snapshot — Aug 1, 2026, 12:31 PM UTC
Why was Bitcoin down on Aug 1, 2026, 12:31 PM UTC?
$63,047
▼ -1.04% (24h) · +0.04% (1h)
Bitcoin's slight downward pressure (-1.04% over 24h) appears disconnected from today's news. The Coldcard exploit and self-custody concerns might create long-term narrative headwinds toward custodial solutions like ETFs, but these don't explain the minor intraday moves. The current price action looks like typical consolidation with no clear catalyst driving meaningful directional momentum.
Sources checked
- How bitcoin cold wallets lost $70 million in an attack that never touched the devices
- Bitcoin holds monthly gain, faces 'choppy' August as 'forced-selling' exhausted, analysts say
- The good and the bad of perps, according to crypto traders
- Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
- Russia expands crypto mining ban to Moscow through 2032
- Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysis