Bitcoin Holds Firm Above $63,800 as Custody Concerns and ETF Flows Weigh

Bitcoin has been holding steady above $63,800 despite a volatile start to August. The cryptocurrency's price has remained resilient, up 1.73% over the past 24 hours.

Hyperelectric led major gainers with a 4.03% daily jump, extending its strong weekly run. In contrast, US spot Bitcoin ETFs posted net outflows of $61.53 million for the week ending July 31, snapping a three-week inflow streak.

A firmware flaw tied to Coldcard wallets has kept custody worries alive across desks. The issue has been linked to nearly $70 million in stolen Bitcoin this month and has resulted in the company rolling out emergency firmware updates.