Bitcoin pushed toward $64,000 on Tuesday, August 4, 2026, as selling pressure from Strategy receded and activity tied to the Coldcard wallet exploit faded. Cardano also advanced, but the broader market mood stayed stuck in 'extreme fear' — a reading that suggests traders aren't ready to call a bottom.
Bitcoin nears $64,000
The largest cryptocurrency rose to around $64,000, a level that has acted as resistance in recent trading. The move came without a clear catalyst, though the retreat in Strategy's sales and the fading exploit activity likely helped clear the path.
Cardano advances
ADA posted gains alongside Bitcoin, adding to a modest recovery that began late last week. The token's price action mirrored the broader market's tentative optimism.
Strategy's selling slows
Sales by Strategy — the corporate Bitcoin holder formerly known as MicroStrategy — receded. The firm had been a notable seller in previous sessions, and the slowdown removed a headwind for Bitcoin. It's unclear whether Strategy will resume buying or hold steady.
Coldcard exploit activity fades
Activity related to the Coldcard wallet exploit, which had raised security alarms among hardware wallet users, receded. No new incidents were reported, and the immediate threat appeared to have passed. Coldcard users had been advised to take precautions, but the situation now seems contained.
Extreme fear persists
Despite the price uptick, the Crypto Fear & Greed Index remained in 'extreme fear' territory. That's a sign that the rally hasn't shifted the prevailing bearish sentiment. The index has been stuck in that zone for some time, reflecting ongoing caution among investors.
What's next? Bitcoin needs to hold above $64,000 to build momentum. If it fails, the 'extreme fear' reading could prove prescient. For now, the market is watching whether the Coldcard issue stays quiet and whether Strategy changes its stance.
