Cryptocurrency News: Tuesday, August 4, 2026 - Bitcoin Struggles at $63,000 Amid De-escalation around Iran and Crisis of Trust in Cold Wallets
The cryptocurrency market is experiencing a fragile equilibrium as it greets Tuesday, August 4, 2026. Bitcoin's price fluctuates between $62,500 and $63,500; even news regarding the United States' pause on scheduled strikes against Iran could not provide a sustained price momentum. Investor sentiment is pressured by the fifth day of the unfolding incident involving Coldcard hardware wallets, diminishing chances for the passage of key U.S. legislation on digital asset regulation, and a cautious stance from institutional capital. In this article, we analyze the major cryptocurrency news, the current quotes for the top 10 digital assets, and key events that will shape the market dynamics for this week.
Main Points by Tuesday Morning: Key Facts
- Bitcoin is trading near $63,000; it opened at $63,497 on Monday but fell to $62,650 by midday.
- The total market capitalization of cryptocurrencies is around $2.25 trillion; Bitcoin's dominance is approximately 56%, while Ethereum stands at around 10%.
- The U.S. has announced a pause on planned airstrikes against Iran—a geopolitical de-escalation met with restrained market reaction.
- The Coldcard hardware wallet exploit continues for the fifth day, with about 1,367 BTC stolen.
- Cardano has emerged as the best-performing asset of the week in the top 100, with an increase of 11.5%.
- The Fear and Greed Index remains in the "fear" zone, hovering around 28 points.
Bitcoin: $62,500–$63,500 Range and Emphasis on Monthly Close
The first cryptocurrency continues to consolidate within a narrow corridor formed after last week's "hawkish" pause by the Federal Reserve. Buyers are actively purchasing dips towards $62,500; however, this is insufficient to reverse the ongoing downtrend since the October peak of $126,198. Since the beginning of the year, BTC has lost around 28%, with its market capitalization holding close to $1.26 trillion.
An interesting point made by analysts at 10x Research is that a monthly close above $63,000 would technically confirm a bottom formation of the bear market. On-chain data indicates gradual accumulation of positions by long-term holders, although rising yields on U.S. Treasury bonds and outflows from ETFs are limiting recovery potential.
Key levels for the upcoming sessions:
- Support: $62,400–$62,500, followed by the $61,750 zone and June's low of around $58,200.
- Resistance: $63,500, then $65,000–$66,500.
- Strategic Level: $69,000—the average cost basis for short-term holders and a condition for a sustainable reversal.
Geopolitics: Iran De-escalation Fails to Catalyze Growth
The White House's announcement regarding the pause on planned strikes against Iran has lowered tensions in the Middle East; however, the response from digital assets has been surprisingly tepid: after a positive Monday opening, prices reversed downwards. This restrained dynamic indicates that geopolitics is currently just one of several pressure points: equally significant for global investors are concerns over infrastructure security and stalled regulation in the U.S. Nevertheless, a reduction in military risks removes the imminent threat of a sharp risk-off flight, providing medium-term support to the market.
Coldcard Incident: A Blow to Trust in Self-Custody
The biggest story of the week in the security domain is the ongoing exploit of Coldcard hardware wallets linked to a vulnerability in key generation. Current estimates suggest that criminals have stolen around 1,367 BTC, and the attack has now entered its third wave, targeting addresses with small balances. This incident, which observers describe as the largest failure of hardware wallets in Bitcoin's history, undermines trust in the concept of "cold" storage overall.
Practical takeaways for investors:
- Immediately update device firmware and follow manufacturer recommendations;
- Diversify storage across multiple types of wallets and multi-signature solutions;
- Be aware that in the first half of 2026, industry losses from hacks exceeded $1 billion.
Institutional Capital: Strategy Sales and Record Profits for Tether
The corporate segment is signaling mixed messages. Michael Saylor's Strategy has sold bitcoins worth approximately $216 million—funds directed to replenish reserves for dividend obligations on preferred shares. This sale from the largest corporate BTC holder has been a psychologically sensitive event for the market, although it is technically driven.
At the same time, Tether reported a net operating profit of around $1.5 billion for the second quarter, thanks to income from its U.S. Treasury bond portfolio, confirming the resilience of the stablecoin business. The institutional infrastructure continues to expand: Morgan Stanley's products on Ethereum and Solana with staking have begun trading on NYSE Arca, while spot XRP funds are seeing inflows despite overall market caution.
Top 10 Cryptocurrencies: Current Quotes
As of the morning of August 4, 2026, the prices of leading digital assets (rounded) are as follows:
- Bitcoin (BTC) — around $63,000; market capitalization approximately $1.26 trillion.
- Ethereum (ETH) — around $1,850; market capitalization around $230 billion.
- Tether (USDT) — $1.00; record quarterly profits for the issuer.
- XRP — around $1.07; consolidation supported by inflows into dedicated ETFs.
- BNB — trading significantly below January levels due to the overall market correction.
- Solana (SOL) — around $72.5; focus is on the deployment of the Alpenglow update.
- USD Coin (USDC) — $1.00.
- TRON (TRX) — around $0.34; key network for stablecoin transactions.
- Dogecoin (DOGE) — around $0.07; consolidation at multi-month support levels.
- Hyperliquid (HYPE) — around $52 after a correction amid outflows from dedicated products.
Altcoins: Surprise Leadership from Cardano
The main surprise of the week is Cardano: ADA gained approximately 11.5% over the past seven days (from $0.165 to $0.184), becoming the top asset in the top 100 according to aggregators. Prices have risen above the 50- and 100-day moving averages—the first significant technical positivity after months of weakness; the project's market capitalization has approached $7 billion.
Ethereum remains near $1,850, technically still the strongest among the majors due to four weeks of inflows into dedicated funds. Solana is trading around $72.5: institutional demand remains selective (weekly outflows from SOL products amounted to $17 million), but the fundamental picture is strengthened due to the Alpenglow update and the network's leadership in real asset tokenization. XRP is consolidating around $1.07 with a neutral RSI: for a reversal, bulls need to reclaim the $1.09–$1.10 level.
Regulation: CLARITY Act's Chances Dwindling
The regulatory agenda has become the week's main disappointment. The likelihood of a vote on the CLARITY Act before the U.S. Senate adjourns for recess on August 7 has reportedly dropped to around 28%—lawmakers missed their procedural window. Grayscale and other industry participants are publicly urging the Senate to vote before the break, warning that a delay until fall will prolong uncertainty for the entire global digital asset market. On the international front, South Africa has introduced a project for cross-border cryptocurrency transfer regulations—another step towards establishing global industry standards.
Week Ahead: What's Next
- August 7 — the U.S. Senate begins its recess (the actual deadline for the CLARITY Act) and the release of employment data in the U.S.
- August 8 — anticipated downward recalculation of Bitcoin's network difficulty.
- August 12–13 — reports on consumer (CPI) and producer (PPI) inflation in the U.S. — key to the Fed’s rate decision in September.
- August — window for the activation of the BIP-110 soft fork in the Bitcoin network and the continuation of Alpenglow's deployment in Solana.
Investor Takeaways
The cryptocurrency market is undergoing a resilience test on August 4, 2026: geopolitical de-escalation has been neutralized by a crisis of trust in hardware wallets and regulatory pause in Washington. Meanwhile, a steady spot demand on dips, accumulation by long-term holders, and a rise of "second-tier" altcoins suggest that the worst scenarios are likely already priced into the market. Key indicators for the coming days will be Bitcoin's ability to hold $62,400–$62,500, the fate of the CLARITY Act before August 7, and August inflation statistics from the U.S. A consolidation above $63,500–$65,000 would strengthen arguments for a formation of a cycle bottom, while a loss of support would open the path for a retest of June's lows.
This material is for informational purposes only and does not constitute individual investment advice. Cryptocurrencies are a highly volatile asset class; assess risks independently when making investment decisions.
