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Bitcoin trades near $62,738.34, up 1.04%, holding a narrow range after a choppy end to July.
Hyperliquid led major gainers with a 13.16% weekly rise, outpacing the broader altcoin market.
The CLARITY Act stays stalled ahead of the Senate recess, while Bitcoin ETFs posted mixed weekly flows.
Bitcoin held firm near $62,738 on Monday. The token stayed range-bound after a volatile end to July. Spot Bitcoin ETFs swung between inflows and outflows through the week. A fresh wallet exploit tied to Coldcard devices added caution across trading desks today.
Hyperliquid and select altcoins outpaced Bitcoin through the session. The broader market stayed defensive overall. The CLARITY Act remains parked on the Senate calendar. Traders now watch this week's ISM data and Friday's jobs report for direction.
Bitcoin traded at $62,738.34, up 1.04% over the past 24 hours. This figure reflects live CoinMarketCap data tracked through today's session. Its market cap stands near $1.25 trillion. Trading volume over 24 hours reached $15.68 billion. Price action remains tied to custody-security concerns and the stalled CLARITY Act.
Here are today's insights from leading crypto market analysts on Bitcoin's structure and the broader macro setup.
CoinSwitch Markets Desk said BTC stayed steady near $63,000 despite an estimated $88.6 million Coldcard wallet exploit. The incident renewed talk around self-custody security. Geopolitical tensions between the US and Iran kept traders cautious today.
Price briefly touched $63,500 before consolidating. Buyers defended the $63,000 zone through the session. A move beyond $63,500 could add fresh momentum. The $62,800 level stays key support if volatility returns.
Akshat Siddhant, Lead Quant Analyst at Mudrex, said Bitcoin ended July with a gain above 7.3%. It reversed two straight months of losses. US spot Bitcoin ETFs also returned to net inflows in July.
Inflows reached $172.4 million for the month overall. Selling pressure near month-end has left investors cautious now. August has historically been Bitcoin's weakest month on record. Whale wallets still accumulated over 40,100 BTC during this stretch. Bitcoin must reclaim $65,000 to strengthen broader sentiment further.
Vikram Subburaj, CEO of Giottus, placed Bitcoin near $63,125, up 0.3%. Lower oil prices have eased some inflation concerns this week. Inconsistent ETF flows and thin spot activity cap the recovery. Bitcoin holds support near $62,900, with resistance near $64,000.
Large-cap altcoins traded modestly higher through the session today. Ethereum, BNB, XRP, and Solana all posted small gains. Markets now watch the August 7 employment report closely. Staggered buying remains prudent until Bitcoin clears $64,000 firmly.
Riya Sehgal, Research Analyst at Delta Exchange, said Bitcoin stays under pressure near $63,000. Ethereum continues to lag behind the broader market today. High Treasury yields and a firm dollar cap risk appetite.
Bitcoin remains below key moving averages on the four-hour chart. Resistance builds at $63,350 to $63,800 through the session. A close above $63,800 could open a path toward $64,300. A break below $63,000 may expose the $62,500 zone. Until yields soften, markets may stay confined to range.
Nischal Shetty, founder of WazirX, said crypto markets consolidated through the session. Bitcoin traded near $63,085 after a mild 0.66% dip today. US spot Bitcoin ETFs saw $265.4 million in outflows on July 31. Ethereum ETFs still attracted $365 million during the month.
XRP funds drew $27.29 million in July, extending a four-month streak. Cumulative XRP ETF inflows now stand near $1.5 billion overall. Bitcoin's recovery range sits between $63,700 and $64,300 currently. The $63,000 zone remains the nearest support level.
Based on live CoinMarketCap data as of today's session.
Biggest Gainers: HYPE, ETH, DOGE
Hyperliquid led the weekly board with a gain above 13%. Ethereum and Dogecoin also posted solid weekly gains above 4%. Institutional demand for large-cap altcoins picked up pace this week.
Biggest Losers: Stablecoins and BNB Stay Flat
Tether and USDC barely moved through the session today. BNB and TRON posted only modest weekly gains overall. Risk appetite stays selective rather than broad across the altcoin market.
Security concerns and stalled legislation are steering sentiment across trading desks today. Mixed ETF flow data and fresh network upgrades add further context.
A wave of unauthorized transfers tied to weak Coldcard-generated keys has drained tens of millions from cold storage wallets this month. Researchers estimate losses between $70 million and $88.6 million across affected addresses so far.
The attacker is now targeting smaller balances and shifting how stolen funds move onchain. Security researchers say the exploit stems from a flawed key generation process. Self-custody security remains firmly in focus across trading communities today.
The Digital Asset Market Clarity Act remains stalled on the Senate calendar this week. The chamber's summer recess is set to begin around August 7, narrowing the bill's window further.
Ethics language disputes continue to divide lawmakers on both sides of the aisle. Democrats are pushing for tougher provisions before granting their support. The bill's 2026 passage now looks increasingly uncertain heading into fall.
US spot Bitcoin ETFs recorded $61.53 million in net outflows for the week ending July 31. Bitcoin ETFs still closed July with $172.4 million in monthly inflows overall.
Ethereum ETFs extended their winning streak to four straight weeks this month. Ether funds added $27.42 million in fresh weekly inflows. XRP ETFs also continued their steady four-month inflow streak in July.
Markets are tracking Monday's ISM survey data closely, with consensus pointing to a reading near 54.0 for July. The figure could shape near-term rate expectations meaningfully.
The upcoming August 12 inflation print stands as the next major catalyst. Traders are positioning cautiously ahead of the Federal Reserve's September rate decision. Risk sentiment across crypto markets remains tied to these data points.
The xrpld 3.3.0 release is expected next week, carrying five proposed amendments to the XRP Ledger. Two features were previously withdrawn after researchers flagged critical bugs.
Developers say the revised code has since been hardened against exploitation. The upgrade aims to strengthen network security and transaction reliability. XRP holders are watching the rollout closely for any price impact.
Tether posted a $1.5 billion operating profit for the second quarter, underscoring continued strength in the stablecoin sector. The result reflects steady demand for dollar-pegged digital assets.
Total stablecoin trading volume continues to climb across major exchanges globally. Tether's reserves reportedly remain well collateralized against outstanding tokens. The results reinforce stablecoins' growing role in daily crypto settlement activity.
Also Read: Top Crypto Presales With High Growth Potential in Now
Bitcoin holds near $62,738 as traders weigh a fresh custody security scare against a stalled CLARITY Act. A close above $63,700 could open a path toward stronger $64,300 resistance. A slip below $62,800 risks exposing deeper support closer to $62,500.
Hyperliquid and Ethereum remain the most sensitive names to shifts in institutional risk appetite. Bitcoin's next moves hinge on ETF flows and the Fed's rate outlook. The Senate recess and Friday's jobs report stand as this week's defining catalysts.
What is the Bitcoin price today?
Bitcoin trades near $62,738.34, up 1.04% over the past 24 hours. It holds a narrow range after a choppy end to July, with support near $62,800. Resistance builds between $63,700 and $64,300 through coming sessions this week.
Why did the Coldcard wallet exploit rattle the market?
An estimated $70 million to $88.6 million was drained from cold storage wallets tied to weak Coldcard-generated keys. The incident renewed debate around self-custody security and added short-term caution across trading desks, weighing lightly on broader sentiment.
What is the biggest crypto news today?
The CLARITY Act's stalled Senate progress ahead of the August recess and the Coldcard wallet exploit are shaping sentiment. Tether's $1.5 billion quarterly profit adds a contrasting institutional strength signal, while the XRP Ledger prepares a major upgrade next week.
Which coins are performing best today?
Hyperliquid leads weekly gains with a rise above 13%, followed by Ethereum and Dogecoin with steady climbs above 4%. Stablecoins and BNB stayed largely flat through today's session, reflecting selective rather than broad-based altcoin strength.
What should investors watch this week?
Track Monday's ISM data, the Senate's August recess deadline, and Friday's US jobs report closely. Bitcoin ETF flow trends and the XRP Ledger upgrade could also shift near-term positioning across the broader crypto market meaningfully.
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