Bitcoin Prices Rally In Spite Of $116 Million Coldcard Hack

Bitcoin rallied to above $64,000 on Aug. 3, up about 2.9%, despite headlines about a Coldcard hack that reportedly siphoned over $100 million in bitcoin. The article frames the move as evidence of resilience: the selloff never materialized, suggesting buyers were willing to absorb negative security news. Analysts cited improving macro sentiment, hopes that softer economic data could push the Federal Reserve toward easier policy, and rising optimism that U.S. crypto regulation—especially the CLARITY Act—could progress. Others pointed to a broader risk-asset rebound, including a strong start for Wall Street and a nearly 2% bounce in the Nasdaq. Overall, the piece suggests bitcoin is being supported by both macro tailwinds and improving market structure, while the hack had limited lasting price impact.