diff --git a/Cargo.lock b/Cargo.lock
index b2edc7d5c..329cfdb96 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -79,9 +79,9 @@ dependencies = [
 
 [[package]]
 name = "bitcoin"
-version = "0.32.4"
+version = "0.32.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "788902099d47c8682efe6a7afb01c8d58b9794ba66c06affd81c3d6b560743eb"
+checksum = "ce6bc65742dea50536e35ad42492b234c27904a27f0abdcbce605015cb4ea026"
 dependencies = [
  "base58ck",
  "bech32",
diff --git a/Cargo.toml b/Cargo.toml
index 1912a9cee..be01ee09f 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -22,7 +22,7 @@ spec = "internal/config_specification.toml"
 
 [dependencies]
 anyhow = "1.0"
-bitcoin = { version = "0.32.4", features = ["serde", "rand-std"] }
+bitcoin = { version = "0.32.5", features = ["serde", "rand-std"] }
 bitcoin_slices = { version = "0.9", features = ["bitcoin", "sha2"] }
 bitcoincore-rpc = { version = "0.19.0" }
 configure_me = "0.4"