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Bitcoin fell below $63,000 on Monday, moving lower even as oil prices declined, Treasury yields eased, and global stock futures advanced following renewed U.S.-Iran diplomacy.
The market move coincided with an expanding Coldcard security incident. Galaxy Research has tracked 1,367 BTC, worth nearly $89 million, moving from 4,585 addresses linked to weak wallet seeds.
Bitcoin Drops 4% Over Seven Days to $62,800
Bitcoin traded near $62,800 during Asian hours, down about 1% over 24 hours and 4% over the previous seven days. It had climbed to roughly $63,600 on Sunday before selling resumed.
Ether fell more than 1% to about $1,858. XRP declined toward $1.07, while Solana traded near $73. BNB was the only large token covered in the market snapshot to avoid a daily decline. Bitcoin later changed hands near $62,527, close to Monday’s session low.
Oil Falls 7.3% While Bitcoin Trails Rising Stock Futures
Brent Crude fell as much as 7.3% after U.S. President Donald Trump canceled a planned strike on Iran and said new negotiations would begin Monday.
Diplomatic efforts include discussions about reopening the Strait of Hormuz, where disrupted shipping has kept energy prices elevated. Saudi Arabia and other Gulf countries have urged Washington and Tehran to pursue an agreement.
The U.S. 10-year Treasury yield declined four basis points to 4.69%, while Nasdaq 100 and European equity futures gained about 0.8%. Bitcoin did not follow those risk markets higher during the Asian session.
Coldcard-Linked Transfers Reach 1,367 BTC Across 4,585 Addresses
Galaxy Research has identified three waves of transfers from addresses linked to weak Coldcard-generated wallet seeds. The observed total has reached 1,367 BTC across 4,585 addresses.
The latest wave moved about 208 BTC from 1,912 addresses. Those addresses held smaller average balances than wallets affected during the first observed sweep.
Coldcard maker Coinkite has released patched firmware, but an update cannot strengthen seeds generated under affected versions. Users with vulnerable seeds must create new wallets and transfer their Bitcoin to fresh addresses.
Traders will be watching whether Bitcoin recovers above $63,000 and whether additional Coldcard-linked transfers are identified.
