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Bitcoin nears $64,000 as traders shrug off fourth Coldcard sweep; ether lags

Bitcoin approached $64,000, up 1.9%, while ether underperformed a broad crypto rally and Asian equities slid on AI-trade jitters.

📅 August 4, 2026 🕐 1 min read 📰 CoinDesk

3 assets impacted (Crypto, Stocks). Net bias: 1 Bullish, 2 Bearish, 0 Neutral. Strongest signal: BTC/USD ↑ 6/10 (90% confidence).

📊 Affected Assets (3)

BTC/USD

Bullish 🤖 90%

📅 Short-term 🌍 Global · Explicit

Bitcoin rose 1.9% over the past 24 hours, nearing $64,000, as traders shrugged off the fourth Coldcard hardware wallet sweep. The article highlights that every major token except ether is green on the week, indicating broad crypto strength.

Catalysts

▲ Demand sustained despite Coldcard sweep event
▲ Broad crypto market strength with most tokens rising on the week

Risk Factors

▼ Potential profit-taking near $64,000 resistance
▼ A shift in sentiment if Coldcard concerns escalate

▼ Show FAQ (3) ▲ Hide FAQ

What drove Bitcoin’s 1.9% gain despite the Coldcard sweep?

Traders have grown accustomed to Coldcard security incidents, which now have limited market impact. The broader positive sentiment in crypto, with most tokens rising, supported Bitcoin’s push toward $64,000.

Is Bitcoin likely to break above $64,000?

The article suggests momentum but does not provide resistance levels. If the broader crypto rally holds and risk appetite remains, Bitcoin could test $64,000 and potentially surpass it.

How does Bitcoin’s performance compare to ether’s?

While Bitcoin is up 1.9%, ether is the only major token not positive on the week, indicating a divergence possibly due to Ethereum-specific factors.

ETH/USD

Bearish 🤖 85%

📅 Short-term 🌍 Global · Explicit

Ether was the only major token not in the green over the past week, underperforming Bitcoin and the broader crypto market. No specific reason is given in the article, but it may reflect rotation out of ether or network-specific pressures.

Catalysts

▼ Underperformance relative to other major tokens
▼ Possible rotation into Bitcoin

Risk Factors

▲ Ether could catch up if Ethereum-specific catalysts emerge
▲ Overall crypto market rally may lift all tokens

▼ Show FAQ (3) ▲ Hide FAQ

Why is ether the only major token not in the green this week?

The article does not provide details, but it could be due to profit-taking after recent gains, concerns about Ethereum’s upcoming upgrades, or simply a rotation as traders prefer Bitcoin.

Should investors be concerned about ether’s underperformance?

Short-term underperformance against a strong market may not be alarming, but if it persists, it could signal deeper issues for Ethereum. Investors should watch for any network-related news or competitive pressures.

Could ether see a catch-up rally?

If the crypto rally broadens further, ether may attract buyers looking for laggards, potentially triggering a catch-up move.

N225

Bearish 🤖 60%

📅 Short-term 🌍 JP ✨ Inferred

Asian equities sold off on AI-trade jitters, suggesting a bearish tilt for the Nikkei 225, a key Asian equity benchmark. The selloff points to risk aversion driven by concerns over AI valuations.

Catalysts

▼ AI-trade valuation concerns sparking selloff
▼ Risk-off sentiment in Asian markets

Risk Factors

▲ Asian equities may stabilize if AI fears subside
▲ China-specific stimulus or positive data could offset

▼ Show FAQ (3) ▲ Hide FAQ

Why are Asian equities selling off?

The article attributes the selloff to AI-trade jitters, as investors reassess valuations in AI-related stocks, triggering a broader risk-off move in the region.

Could the selloff in Asian equities affect global markets?

Asian equity weakness could spill over to European and US markets if it deepens, but the current crypto rally suggests the impact may be limited for now.

Is this a buying opportunity for Japanese stocks?

Short-term selloffs on sentiment can create entry points, but investors need to assess whether AI-trade concerns are temporary or signal a longer-term shift.

🎯 Key Takeaways

Bitcoin gained 1.9% in 24 hours, nearing $64,000, despite a fourth Coldcard sweep incident.
Most major tokens are positive on the week, but ether is the only underperformer.
Asian equity markets are selling off, driven by concerns over AI-trade valuations.
The Coldcard sweeps appear to have diminishing market impact as traders look past the news.
Crypto’s resilience contrasts with risk-off moves in Asian stocks.

📝 Executive Summary

Every major token except ether is green on the week, with BTC up 1.9% over 24 hours and Asian equities selling off on AI-trade jitters.

❓ FAQ

What is a Coldcard sweep and why does it matter to crypto prices?

A Coldcard sweep refers to security incidents involving the Coldcard hardware wallet, which can spook traders if they raise concerns about wallet integrity. However, repeated sweeps have had limited lasting impact as the market grows accustomed to such events.

Why is ether the only major token in the red?

The article does not specify a cause, but ether’s underperformance could stem from a rotation into Bitcoin, profit-taking after prior gains, or Ethereum-specific headwinds that dampened demand relative to other tokens.

How does the AI-trade jitter in Asian equities affect Bitcoin?

While Asian equities sold off over AI-trade concerns, Bitcoin and most cryptocurrencies are rising, indicating crypto is currently acting independently of equity risk appetite and may even benefit from a rotation.

Bitcoin nears $64,000 as traders shrug off fourth Coldcard sweep; ether lags

📊 Affected Assets (3)

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📝 Executive Summary

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