Crypto Market Defies Hack to Reach New Heights

The cryptocurrency market has defied expectations by rising despite a major hack on Coldcard hardware wallets. Over $100 million in Bitcoin was stolen after an exploit affected 4,500 addresses.

CoinMarketCap data shows that the total market cap is up 0.97% to $2.17 trillion at the time of writing. Bitcoin itself has gained 1.86% to trade at $63,698.

Cardano (ADA) and Hyperliquid (HYPE) are leading altcoin gains, with ADA up 4.43% and HYPE up 4.63%. The price of BTC is defending support at the 50-day SMA of $63,311, and closing above this could push it towards $68,500.