diff --git a/Cargo.lock b/Cargo.lock
index 718e485..53acb5a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -79,9 +79,9 @@ dependencies = [
 
 [[package]]
 name = "bitcoin"
-version = "0.32.7"
+version = "0.32.8"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0fda569d741b895131a88ee5589a467e73e9c4718e958ac9308e4f7dc44b6945"
+checksum = "1e499f9fc0407f50fe98af744ab44fa67d409f76b6772e1689ec8485eb0c0f66"
 dependencies = [
  "base58ck",
  "bech32",
@@ -512,9 +512,9 @@ checksum = "7f24254aa9a54b5c858eaee2f5bccdb46aaf0e486a595ed5fd8f86ba55232a70"
 
 [[package]]
 name = "hex-conservative"
-version = "0.2.1"
+version = "0.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5313b072ce3c597065a808dbf612c4c8e8590bdbf8b579508bf7a762c5eae6cd"
+checksum = "fda06d18ac606267c40c04e41b9947729bf8b9efe74bd4e82b61a5f26a510b9f"
 dependencies = [
  "arrayvec",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index d37d6d4..c4c44ed 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -23,7 +23,7 @@ spec = "internal/config_specification.toml"
 
 [dependencies]
 anyhow = "1.0"
-bitcoin = { version = "0.32.6", features = ["serde", "rand-std"] }
+bitcoin = { version = "0.32.8", features = ["serde", "rand-std"] }
 bitcoin_slices = { version = "0.10.0", features = ["bitcoin", "sha2"] }
 bitcoincore-rpc = { version = "0.19.0" }
 configure_me = "0.4"