Bitcoin rebounded to $64,000 on Monday morning after dipping below $62,000 on Sunday evening, posting a 1.3% gain over 24 hours despite a 2.2% weekly decline. A Coldcard hardware wallet exploit drained 1,367 BTC, approximately $87 million, in under an hour. The incident raises questions about open-source firmware security for hardware wallets and sparks a philosophical debate in the Bitcoin community about code transparency versus attacker exposure. The Fear & Greed Index remains at 28, signaling persistent market fear, while no category posted positive performance over seven days according to CoinGecko data. This event may accelerate adoption of institutional custody solutions or multisig setups rather than self-custody.
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