Bitcoin Weakens Amid Coldcard Hack as Altcoins Show Resilience

Crypto markets are experiencing mixed sentiment as Bitcoin weakens amid a recent hack of the Coldcard wallet. The hack, which occurred last week, resulted in around $88.6 million worth of BTC being stolen from approximately 4,585 addresses.

The broader market is also affected by US President Donald Trump's cancellation of strikes on Iran following a deal on the country's nuclear program and the reopening of the Strait of Hormuz.

Despite this, Algorand (ALGO) and Ethena (ENA) have emerged as top-performing altcoins over the past 24 hours, with ALGO rising by around 8% before pulling back. ENA has also seen gains but remains capped below key resistance levels.