Bitcoin weakens amid Coldcard hack – ALGO, ENA sustain gains | FXStreet
Bitcoin fell toward $63,000 as bearish momentum returned, with BTC below the 50-day EMA near $64,660 and the 200-day EMA near $74,291. The Coldcard wallet hack reportedly stole about 1,367 BTC (~$88.6M). Algorand (ALGO) and Ethena (ENA) led gains, but both faced resistance levels.
How this was made
The 30-second read
Why it matters
The text is primarily technical and sentiment-driven. It highlights specific moving averages, Fibonacci levels, and RSI/MACD states, implying near-term trade planning around $60,000 for BTC and key support/resistance bands for ALGO and ENA.
Market read
Traders get a level-based, risk-sentiment snapshot: BTC downside bias toward $60,000, while ALGO and ENA are described as improving but still capped by nearby resistance.
What to watch
No details are provided on whether the Coldcard hack has led to concrete remediation, insurance coverage, or exchange/market-structure impacts, which could change the risk premium quickly.
Background
FXStreet frames Monday’s crypto tape around a Coldcard hardware wallet hack (BTC stolen) and a US-Iran strike cancellation, then overlays technical levels for BTC, ALGO, and ENA.
Ticker impact
BTC is described as edging lower toward $63,000, with bearish technical signals and a $60,000 target tied to the Coldcard hack backdrop.
Higher probability of a test of $60,000 before any sustained rebound.
The article cites BTC below the 50-day EMA (~$64,660) and negative MACD, while also referencing the Coldcard hack and mixed macro sentiment as risk overhangs.
Algorand is said to be capped below its 50-day EMA at $0.0871, with resistance near the 78.6% Fib level and a potential retest risk.
Choppy trade with risk of renewed selling if price loses the $0.0757 area.
The text notes RSI ~53 and MACD bullish crossover, but emphasizes resistance clusters and identifies $0.0757 as the structural support buyers must defend.
Ethena is reported trading above its 50-day EMA at $0.0847 but capped by a declining trendline near $0.0905, with $0.1000 as the next upside trigger.
Range-to-downside bias unless ENA can sustain moves above $0.0905 and especially $0.1000.
The article highlights RSI ~55 and a bullish MACD crossover, yet stresses the longer-term declining trendline and the 200-day EMA barrier near $0.1409.
Market effects
Cold-storage wallet hack narrative can pressure broader crypto risk appetite, even if only one hardware wallet is directly affected.
No specific regional linkage beyond US geopolitics affecting overall risk sentiment.
Geopolitical headline (US-Iran strike cancellation) is framed as a sentiment driver for the whole crypto complex.
Counterpoint
The article’s altcoin momentum improvements (MACD crossovers, RSI above midline) could mean the “capped” framing is overstated and pullbacks are corrective rather than trend-breaking.
Key entities
- crypto_walletColdcard
Bitcoin-only hardware wallet by Coinkite, cited as losing about 1,367.05 BTC in the hack.
- crypto_assetBitcoin (BTC)
Price action is described as weakening toward $63,000 with bearish technical indicators.
- crypto_assetAlgorand (ALGO)
Cited as capped below its 50-day EMA with resistance near $0.0862 and support near $0.0757.
- crypto_assetEthena (ENA)
Cited as above its 50-day EMA but capped by a declining trendline near $0.0905, with $0.1000 as a key upside level.
- political_actorUS President Donald Trump
Cited for canceling strikes on Iran, framed as a sentiment factor for crypto.
