Bitcoin News

Is Bitcoin Selling Off On Quantum Fears? A Reality Check

10 hours ago

Bitcoin’s Tuesday slide to $87,895 has revived a f

Bitcoin’s Tuesday slide to $87,895 has revived a familiar market habit: attaching a single, clean narrative to messy positioning, flows, and reflexive price action. This time, the culprit making the rounds is quantum computing, a potentially “existential threat” that’s supposedly explaining Bitcoin’s underperformance versus gold which has printed a new all-time high at $4,888.

Bitcoin futures liquidation volumes | Source: X @_checkonchain

Bitcoin falls below $89,000, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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