Bitcoin Resilient at $65K Amid Hardware Wallet Hack and Failed Split Attempt
Bitcoin's price remained stable around $65,000 despite two major events in recent days. The first was a Coldcard hardware wallet exploit that caused losses estimated up to $133 million. This flaw, which originated from a 2021 firmware issue, led to thefts from over 1,100 addresses, but the Bitcoin network itself was unaffected.
The second event was the near-immediate failure of the BIP-110 minority chain split, which failed to gain miner support and stalled after just two blocks. With 99.85% of mining power staying with the main chain, traders are now watching key support at $64,000 and resistance near $66,000.
Future price moves are likely influenced more by market liquidity and institutional flows than these incidents, according to analysts.