Crypto Market Defies $100M Coldcard Hack as Altcoins Rally

The cryptocurrency market has seen an uptick in prices, despite a significant hack of the Coldcard hardware wallet. The total market cap has risen by 0.97% to $2.17 trillion at the time of writing.

Cryptos such as Cardano (ADA) and Hyperliquid (HYPE) are leading gains among altcoins, while Bitcoin (BTC) is up by 1.86% to trade at $63,698.

Data from SoSoValue shows that institutional demand for BTC ETFs remains high, with inflows of $170 million on August 3. The price of Bitcoin is defending support at the 50-day SMA of $63,311 and bulls are eyeing a target of $68,500 if this level holds.

CoinMarketCap data shows that Cardano's trading volumes were up by 33% to $729 million, while its price has risen by 4.43% to trade at $0.19.