Bitcoin price drops below $63K despite Iran relief

Bitcoin slipped below $63,000 on Monday, Aug. 3, even as falling oil prices and stronger U.S. stock futures created a more favorable backdrop for risk assets. Summary Bitcoin fell below $63,000 while oil and Treasury yields declined on renewed Iran diplomacy hopes. Coldcard attack estimates now exceed 1,815 BTC across more than 5,000 suspected victim addresses overall. Spot Bitcoin ETFs lost $61.53 million last week, ending three consecutive weeks of net inflows. Strategy added Bitcoin’s 200 week average as prices hovered only modestly above the indicator Monday. A Senate delay left the CLARITY Act without scheduled floor action before the August recess. BTC traded near $62,556, down 1.38% over 24 hours and 4.35% over seven days. It had reached a Sunday high near $63,650 before sellers regained control. Ether fell about 1.8% to $1,841, while XRP and Solana also declined. The weakness came as investors assessed renewed U.S. talks with Iran, another suspected Coldcard attack wave, fresh spot Bitcoin ETF outflows and the absence of the CLARITY Act from Monday’s Senate schedule. Bitcoin price fails to follow the broader relief trade President Donald Trump canceled a planned military st...