Bitcoin barely flinched through two potentially disruptive events, holding near $65,000 as losses tied to the Coldcard hardware wallet exploit mounted and the BIP-110 minority chain stalled almost immediately after splitting from the main network.
Key Takeaways
Bitcoin held near $65,000 as Coldcard losses potentially approached $130 million.BIP-110 stalled after 2 blocks as roughly 99.85% of hash stayed with Bitcoin.Bitcoin traders now watch $64,000 support and $66,000 resistance this week.Coinkite released patched firmware and advised affected users to create entirely new seeds and move their funds. Updating a vulnerable device alone cannot repair an old seed because the weakness was embedded when the seed was originally generated. The incident therefore became a serious self-custody failure, but not a failure of Bitcoin’s blockchain, monetary rules or mining network.
That distinction appears to matter to traders. Rather than treating the theft as a systemic bitcoin problem, the market largely priced it as a product-specific security breach. The stolen coins represented only a small fraction of circulating supply, and the broader network continued operating normally.
BIP-110 Split Hits a Wall Almost ImmediatelyBitcoin then faced a separate test when BIP-110 enforcement began around block 961632. The proposal sought to temporarily restrict certain forms of nonfinancial data stored on Bitcoin and relied on a 55% miner-signaling threshold that never came close to being reached. Support hovered around 2.53% near the final signaling period.
Bitcoin Traders Keep Their Eyes on $64,000Through both episodes, bitcoin’s price remained unusually quiet. The past 24 hours were marked by narrow intraday moves, with highs near $65,000 to $65,150 and lows in the upper $64,000s. No meaningful volume spike or directional candle tied directly to either Coldcard developments or the BIP-110 split has been recorded.
For now, the striking part of the story is what did not happen. A hardware wallet exploit and a live minority-chain split both arrived within the same week, yet BTC stayed pinned inside a very narrow range. The next meaningful move may depend less on either controversy than on liquidity, institutional flows and whether buyers or sellers finally break the $64,000 to $66,000 corridor.
