Bitcoin hovered around $64,300 on Friday, showing remarkable stability despite a volatile backdrop. South Korea’s Kospi index surged 17%, marking one of its strongest sessions ever, while a security flaw in Coldcard hardware wallets led to the theft of nearly $38 million in Bitcoin from about 500 users.
Equity Surge and Cryptocurrency Quiet
The Kospi’s rally was driven by major tech players Samsung and SK Hynix soared over 23%, with Taiwan Semiconductor climbing 10%. US tech futures also climbed following strong cloud earnings from giants like Amazon and Microsoft. In sharp contrast, Bitcoin barely budged, briefly spiking to $65,300 before slipping back to $64,300, signaling a balance between buyers and sellers. Other major cryptos barely moved: Ether stayed near $1,907, XRP around $1.08, and Solana at $74.
Coldcard Breach Drains $38 Million but Price Unshaken
A key generation vulnerability in Coldcard hardware wallets enabled hackers to steal about 594 Bitcoin, a loss valued at roughly $38 million. Despite this hefty breach affecting hundreds of users, Bitcoin’s market price showed no noticeable reaction. The only major cryptocurrency to gain meaningfully on the day was BNB, up 3% to $590, standing out as the sole major token with a positive weekly return. Meanwhile, Bitcoin dipped 2%, and coins like Solana and XRP dropped 3% over the week.
While the crypto market paused, the equity world raced ahead. This divergence shows the growing independence of crypto from traditional financial markets, even amid significant security incidents.
This material is for informational purposes only and does not constitute financial advice.
