Cryptocurrency News: Tuesday, August 4, 2026 — Bitcoin Struggles for $63,000 Amid De-escalation Around Iran and Confidence Crisis in Hardware Wallets
The cryptocurrency market greets Tuesday, August 4, 2026, in a state of fragile equilibrium. Bitcoin's price fluctuates in the $62,500–63,500 range: even the news of the United States suspending planned strikes against Iran couldn't provide the prices with sustainable momentum. Investor sentiment is pressured by the ongoing incident with Coldcard hardware wallets, which is in its fifth day, diminishing chances of a major U.S. legislation on digital asset regulation, and a cautious institutional capital stance. We analyze the key cryptocurrency news, current quotes of the top 10 digital assets, and key events that will determine market dynamics this week.
Main Points for Tuesday Morning: Key Facts
- Bitcoin trades near $63,000; on Monday, the price opened at $63,497 but fell back to $62,650 by midday.
- The total market capitalization of cryptocurrencies is approximately $2.25 trillion; Bitcoin's dominance is around 56%, with Ethereum at about 10%.
- The U.S. announced a pause in planned airstrikes on Iran—geopolitical de-escalation met with restrained market reactions.
- The Coldcard hardware wallet exploit continues for the fifth day: approximately 1,367 BTC have been stolen.
- Cardano emerged as the top asset of the week in the top 100, increasing by 11.5%.
- The Fear and Greed Index remains in the "fear" zone—around 28 points.
Bitcoin: Range of $62,500–63,500 and Bet on Monthly Close
The original cryptocurrency continues its consolidation within the narrow corridor formed after the Federal Reserve's "hawkish" pause last week. Buyers are consistently stepping in at dips near $62,500; however, this is insufficient to reverse the downward trend that has persisted since the October high of $126,198. Since the beginning of the year, BTC has lost about 28%, with its market capitalization hovering around $1.26 trillion.
A notable thesis from 10x Research analysts suggests that a monthly close above $63,000 would technically confirm the formation of a bear market bottom. On-chain data indicates a gradual accumulation of positions by long-term holders, although rising U.S. Treasury bond yields and outflows from ETFs constrain the recovery potential.
Key markers for upcoming sessions:
- Support: $62,400–62,500, followed by the zone around $61,750 and the June low of about $58,200.
- Resistance: $63,500, then $65,000–66,500.
- Strategic level: $69,000—average cost base for short-term holders and a condition for a stable turnaround.
Geopolitics: De-escalation Around Iran Fails to Act as Growth Catalyst
The White House's announcement regarding the pause in planned strikes on Iran lowered the tension in the Middle East; however, the reaction of digital assets was surprisingly tepid—after a positive Monday opening, prices reversed downward. The restrained dynamics indicate that geopolitics is just one of several pressuring factors; equally significant for global investors are issues of infrastructure security and stalled regulation in the U.S. Nevertheless, reduced military risks alleviate the scenario of a sharp risk aversion, which supports the market in the medium term.
Coldcard Incident: A Blow to Trust in Self-Custody
The most significant security story of the week is the ongoing exploit of Coldcard hardware wallets, linked to a vulnerability in key generation. Current estimates suggest that cybercriminals have siphoned off around 1,367 BTC, with the attack now entering its third wave, affecting addresses with small balances. Observers classify this incident as the largest failure of hardware wallets in Bitcoin's history, undermining trust in the concept of "cold" storage overall.
Practical takeaways for investors:
- Immediacy in updating device firmware and following manufacturer recommendations;
- Diversifying storage across various types of wallets and multi-signature solutions;
- Considering that, during the first half of 2026, industry losses from hacks exceeded $1 billion.
Institutional Capital: Sales from Strategy and Record Profit for Tether
The corporate segment sends mixed signals. Michael Saylor's Strategy sold bitcoins worth around $216 million—funds aimed at replenishing reserves for dividend obligations on preferred stock. The sale by the leading corporate BTC holder has become a psychologically sensitive event for the market, even though it is largely technical in nature.
Simultaneously, Tether reported a net operating profit of about $1.5 billion for the second quarter, driven by revenues from its U.S. Treasury bond portfolio, confirming the robustness of the stablecoin business. The institutional infrastructure continues to expand: Morgan Stanley products on Ethereum and Solana with staking are now trading on NYSE Arca, while spot XRP funds are witnessing inflows despite general market caution.
Top 10 Cryptocurrencies: Current Quotes
Prices of leading digital assets as of the morning of August 4, 2026 (rounded):
- Bitcoin (BTC) — around $63,000; market capitalization approximately $1.26 trillion.
- Ethereum (ETH) — around $1,850; market capitalization about $230 billion.
- Tether (USDT) — $1.00; record quarterly profit for the issuer.
- XRP — around $1.07; consolidation supported by inflows into dedicated ETFs.
- BNB — trading significantly below January levels amidst the general market correction.
- Solana (SOL) — around $72.5; focus on the Alpenglow upgrade deployment.
- USD Coin (USDC) — $1.00.
- TRON (TRX) — around $0.34; key network for stablecoin settlements.
- Dogecoin (DOGE) — around $0.07; consolidation near several months' support.
- Hyperliquid (HYPE) — around $52 after corrections amid outflows from specialized products.
Altcoins: Unexpected Leadership from Cardano
The biggest surprise of the week is Cardano: ADA increased 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 rose above the 50-day and 100-day moving averages—the first significant technical positive after months of weakness; the project's market capitalization approached $7 billion.
Ethereum remains around $1,850, retaining technical strength among major coins thanks to four consecutive weeks of inflows into dedicated funds. Solana trades near $72.5: institutional demand is still selective (weekly outflows from SOL products totaled $17 million), but the fundamental picture strengthens due to the Alpenglow upgrade and the network's leadership in the tokenization of real assets. XRP consolidates around $1.07 with a neutral RSI: for a turnaround, bulls need to reclaim the $1.09–1.10 level.
Regulation: Chances of CLARITY Act Dwindle
The regulatory agenda has become the primary disappointment of the week. According to predictive markets, the likelihood of voting on the CLARITY Act before the U.S. Senate goes on recess on August 7 has dropped to approximately 28%—lawmakers missed the procedural window. Grayscale and other industry participants are publicly urging the Senate to hold a vote before the break, warning that postponement until the fall will extend the period of uncertainty for the entire global digital asset market. Notably, South Africa has proposed rules for cross-border crypto-transfers—another step towards establishing global industry standards.
Week Calendar: What’s Next
- August 7 — commencement of the U.S. Senate recess (effective deadline for the CLARITY Act) and publication of U.S. employment data.
- August 8 — anticipated downward adjustment of Bitcoin network difficulty.
- August 12–13 — reports on U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) — key to the Federal Reserve's September rate decision.
- August — window for activating the soft fork BIP-110 on the Bitcoin network and continuation of the Alpenglow deployment on Solana.
Conclusions for Investors
The cryptocurrency market is undergoing a phase of resilience testing on August 4, 2026: geopolitical de-escalation has been neutralized by a crisis of confidence in hardware wallets and a regulatory pause in Washington. Meanwhile, stable spot demand on dips, accumulation from long-term holders, and growth of second-tier altcoins suggest that the worst-case scenarios have likely already been priced in. Key markers for the coming days include Bitcoin's ability to hold the $62,400–62,500 range, the fate of the CLARITY Act by August 7, and August's inflation statistics in the U.S. A consolidation of BTC above $63,500–65,000 will strengthen the arguments of advocates for cycle bottom formation, while a loss of support will open the path for retesting the June lows.
This material is for informational purposes and does not constitute individualized investment advice. Cryptocurrencies are a highly volatile asset class; evaluate risks independently when making investment decisions.
