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Crypto

Coldcard Vulnerability Hits Bitcoin Market Hard

Guavy AI Editorial Team
Instruments
BTC
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Coldcard wallet vulnerability has led to significant losses in the Bitcoin market. The total losses have now exceeded $70 million in BTC, a stark reminder of the importance of robust security protocols in ownership.

The recent trading activity shows that Bitcoin is currently testing near lower support at $62,436.69, with bearish signals pointing towards continued downside pressure before any test of upper resistance at $65,337.46.

The Bollinger bands and MACD death cross are also indicating a potential further decline in the market.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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