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The latest crypto coverage from the TrustFinance editorial desk.
The current Bitcoin downturn has lasted for 297 days, approaching but still short of the historical average of 383 days for bear market cycles, according to an analysis of past market data.
Bitcoin prices fell on Monday, pressured by a security breach affecting Coldcard hardware wallets that resulted in nearly $90 million in thefts and a $105 million sale by corporate holder MicroStrategy.
The leading cryptocurrency faced downward pressure amid investor caution over the Federal Reserve's rate path and geopolitical risks, failing to join a tech-led rally in equity markets.
The price of Bitcoin remained stable above $63,000, weathering negative sentiment from a growing hardware wallet exploit and reports of significant corporate BTC movements.
The new program, launching August 1, will allow Bitget Wallet Card users to earn up to 3% cashback in the form of digital assets, including cryptocurrencies, tokenized gold, and U.S. stocks.
Cardano's ADA token registered a double-digit percentage gain on Sunday, its strongest single-day performance in weeks, pushing its market capitalization to nearly $6.8 billion according to market data.
The enterprise software firm disclosed the sale of 1,683 BTC just days after reporting a wider-than-expected loss, while the broader crypto market contends with security concerns and weak earnings from key players.
Bitcoin's price climbed on Thursday, supported by a notable improvement in spot ETF inflows for August and broader market optimism fueled by potential de-escalation in the Strait of Hormuz.
Bitcoin edged higher to trade above $64,300, drawing limited support from reports of a potential deal to reopen the Strait of Hormuz. However, the cryptocurrency remains in a tight trading range as investors balance improved ETF inflows against broader market headwinds.
