Bitcoin Falls Below $63,000 Despite Improving Iran Outlook as Coldcard Losses Mount

Bitcoin slipped roughly 1.1% to $62,500 on Monday even as broader financial markets rallied on hopes of a fresh US-Iran deal. Ether dropped to $1,858, extending a weekly decline of about 5%, while most major cryptocurrencies traded lower despite falling oil prices and bond yields that typically favor risk assets.

Coldcard Exploit Continues to Weigh on Sentiment

The muted crypto reaction comes as a hardware wallet vulnerability tied to Coldcard devices continues draining funds. A third wave of thefts over the weekend pushed total observed losses to roughly 1,367 bitcoin, worth close to $89 million, spread across more than 4,500 addresses. Each successive wave has targeted smaller wallet balances, suggesting the attacker has moved from larger holdings to cleaning out modest accounts.

Traditional Markets Rally on Iran Talks

Oil prices fell sharply after President Trump said he called off a planned strike on Iran and would pursue negotiations. Treasury yields eased, stock futures gained, and gold ticked higher, all typically supportive conditions for crypto that failed to translate into gains this time.