Bitcoin climbed toward the $64,000 mark on Tuesday, gaining 1.9% over the past 24 hours as traders shrugged off news of a fourth Coldcard wallet sweep and pushed most major cryptocurrencies higher on the week.
Market Momentum Builds
The broader digital asset market showed resilience, with nearly every major token posting weekly gains. The lone exception was ether, which lagged behind its peers despite the otherwise upbeat mood across the sector.
Bitcoin's steady advance came even as Asian equity markets sold off, driven by renewed jitters over the sustainability of the artificial intelligence trade. The divergence suggested that crypto traders were increasingly comfortable treating the sector on its own terms rather than moving in lockstep with traditional risk assets.
Bitcoin's grind higher signals traders are willing to look past isolated security scares and macro turbulence alike.
The rally reflected a market that has grown accustomed to absorbing bad news without derailing its broader trajectory. Sentiment remained constructive as buyers stepped in to support prices near the psychologically important $64,000 level.
Coldcard Sweep Fails to Rattle Traders
Traders largely dismissed the fourth Coldcard wallet sweep, an event that in previous cycles might have stoked wider fears about self-custody security. This time, the market response was muted, with prices continuing their upward path.
Key takeaways from the session included:
- Bitcoin advanced 1.9% over 24 hours, nearing $64,000
- Most major tokens finished the week in positive territory
- Ether stood out as the notable underperformer
- Asian stocks slid on concerns about the AI trade
The contrast between crypto strength and equity weakness underscored a shifting dynamic, with digital assets increasingly charting their own course. For now, the market's ability to look past the Coldcard incident and macro headwinds pointed to underlying confidence among participants.