A Google whitepaper reveals that quantum computers with about 500,000 qubits could break Bitcoin's encryption in roughly nine minutes, far sooner than previous estimates. This vulnerability affects around 6.9 million BTC, including 1.7 million from Bitcoin's earliest days, due to public key exposure during transactions. Financial analysts see the threat as serious but manageable, with a 3–5 year window to implement upgrades like the proposed BIP-360 soft-fork to protect the network. The challenge lies in coordinating a decentralized user base to adopt quantum-resistant protocols before the threat becomes practical.
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
