Bitcoin Steadies Near $64,200 as Fresh ETF Inflows Offset Custody Worries
Bitcoin has steadied near $64,200 after a choppy start to August. The token holds firm despite lingering custody worries tied to the Coldcard firmware flaw, which has been linked to over $100 million in stolen Bitcoin this month.
Fresh institutional buying has driven US spot Bitcoin ETFs to book $170.1 million in inflows on Monday, ending a prior redemption streak. BlackRock's IBIT led the pack with $111.4 million, followed closely by Fidelity's FBTC at $33.4 million in fresh capital.
Traders now track ADP payrolls data for near-term direction. A close above $64,500 could open a path toward resistance near $65,600. A slip below $63,900 risks exposing deeper support closer to $62,800.