Bitcoin rises above $65,170 despite Coldcard exploit and Clarity Act delay

Bitcoin traded above $65,170 on Friday, extending its weekly gain to nearly 4% even as the market absorbed two setbacks: a delay to the Clarity Act, a U.S. crypto market structure bill, and a major exploit tied to Coldcard hardware wallets. Losses from the Coldcard incident are estimated at more than $130 million after attackers used a firmware flaw to guess weak private keys (secret codes controlling crypto access). At the same time, investors kept buying Bitcoin exchange-traded funds (funds that trade on stock exchanges), with BlackRock’s iShares Bitcoin Trust and Morgan Stanley’s fund both recording significant inflows this week, according to Farside Investors. Since the start of the week, $763.6 million in fresh cash has entered the funds, which are also managed by Fidelity, Grayscale, and other asset managers. Bloomberg Intelligence’s senior ETF analyst, Eric Balchunas, said the inflows may not be linked to the Coldcard hack, though a shift into the products would make sense given their success.

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Bitcoin rises above $65,170 despite Coldcard exploit and Clarity Act delay - CoinPost Terminal