Crypto Market Today: Majors Recover as Markets Absorb Last Week’s Dense Run of Catalysts

Last Updated: August 4, 2026

The crypto market is broadly higher on August 4, 2026, recovering from last week’s turbulence as markets appear to absorb a dense run of negative catalysts without breaking down further. Bitcoin is up 1.54% to $63,517.26, while Zcash and HBAR both post standout gains as their own individual recoveries gather pace.

Key Takeaways

• Bitcoin trades at $63,517.26 (+1.54%), Ethereum at $1,854.18 (+0.77%), and most majors are higher today
• The Coldcard hardware wallet exploit has entered its fifth day, though price declines have been described by analysts as restrained given the scale of the losses
• September rate-hike odds have climbed above 60% after three Federal Reserve officials dissented in favor of a hike at July’s meeting
• A US FBI intelligence agent with top-secret clearance was arrested in connection with the theft of $1 million in crypto from wallets the agency had itself been investigating
• Zcash has turned positive for the week for the first time since its Ironwood upgrade, up 2.35% today and 3.82% over 7 days
• HBAR is testing a key technical breakout zone, up 2.71% today on a more than 14% jump in trading volume after four sessions of underperformance

Market Overview

Asset	Price	1h	24h	7d
Bitcoin (BTC)	$63,517.26	-0.11%	+1.54%	+0.19%
Ethereum (ETH)	$1,854.18	-0.33%	+0.77%	-1.48%
Tether (USDT)	$0.9990	+0.01%	+0.03%	+0.02%
BNB (BNB)	$588.17	-0.06%	+0.58%	+4.01%
USDC (USDC)	$0.9998	-0.01%	+0.01%	+0.01%
XRP (XRP)	$1.07	-0.34%	+0.53%	+1.58%
Solana (SOL)	$73.15	-0.44%	+1.14%	-0.32%
TRON (TRX)	$0.3297	+0.16%	+0.98%	+1.23%
Hyperliquid (HYPE)	$54.56	-0.26%	+3.70%	-1.14%
Dogecoin (DOGE)	$0.07001	-0.21%	+1.00%	-0.07%
Zcash (ZEC)	$485.60	-0.09%	+2.35%	+3.82%

Why Is the Crypto Market Up Today?

Today’s recovery suggests markets have largely absorbed last week’s dense run of catalysts — the Coldcard exploit, a hawkish Fed hold, and month-end ETF outflows — without breaking down further. Analysts note the muted price reaction relative to the scale of the Coldcard losses is itself informative, suggesting a market that had already priced in a substantial amount of bad news heading into this week. Zcash and HBAR are today’s standout performers, each showing signs of a genuine trend reversal after weeks of underperformance.

What’s Driving the Market Today

Markets absorb last week’s catalysts. Bitcoin and most majors are recovering as the market works through a dense run of negative news from the prior week, with the muted reaction suggesting much of it was already priced in.

Coldcard saga enters its fifth day. Coldcard’s CEO has publicly apologized and released emergency firmware for all affected models, though affected users must generate new recovery phrases since firmware updates alone don’t secure compromised keys.

September rate-hike odds climb above 60%. Three Fed officials dissented in favor of a hike at July’s meeting, shifting market expectations meaningfully ahead of the September decision.

Zcash turns positive for the week. ZEC’s 3.82% weekly gain marks its first positive week since Ironwood activated, with three gains in the past four sessions signaling a decisive shift in sentiment.

HBAR tests a breakout zone. The token is up 2.71% today on a meaningful volume jump, testing the top of a short-term ascending channel after four sessions of underperformance.

Regulatory and Calendar Watch

The Senate’s summer recess, beginning around August 7, remains on track to effectively close the CLARITY Act’s near-term legislative window. Separately, a US FBI intelligence agent with top-secret clearance was arrested in connection with the theft of $1 million in crypto from wallets the agency had itself been investigating, a notable law-enforcement story developing alongside the market’s broader recovery.

For asset-specific coverage, see Bitcoin news today, Ethereum news today, XRP news today, Dogecoin’s price page, Zcash news today, HBAR news today, and today’s top crypto headlines.