🚨Quantum risk for BTC and ETH!
Google updated estimates — for the 'hack' of Bitcoin, 80% fewer qubits may be required than previously thought (the timeline for potential threats has shortened). This has caused a surge in quantum-resistant tokens by +50%. Many are discussing that the upgrades to Bitcoin have made it slightly more vulnerable. The topic is actively discussed as a potential 'timer' for hundreds of billions of dollars.
🇺🇸- Geopolitics and Trump: Hopes for a quick resolution to the US conflict with Iran (Trump provided a three-week guideline) supported risk assets, including crypto and oil (oil fell, which indirectly helped BTC). Bitcoin rose on this news.
🇦🇺- Australia passed a law requiring crypto exchanges to obtain financial licenses.
- In the US, the CLARITY Act is being discussed (which may affect stablecoins), as well as senators' inquiries to the SEC regarding crypto.
- Other notes:
- A company of Trump's former advisor (Nakamoto/Strategy) sold BTC at a loss (bought high, now liquidating).
- XRP is holding around $1.34 with signals of supply compression (holders are withdrawing from exchanges).
- Solana and some meme coins showed local spikes.
- A small negative: nearly half of BTC is currently at a loss, miners are under stress, outflows from ETFs.
#Crypto #BTC
Google updated estimates — for the 'hack' of Bitcoin, 80% fewer qubits may be required than previously thought (the timeline for potential threats has shortened). This has caused a surge in quantum-resistant tokens by +50%. Many are discussing that the upgrades to Bitcoin have made it slightly more vulnerable. The topic is actively discussed as a potential 'timer' for hundreds of billions of dollars.
🇺🇸- Geopolitics and Trump: Hopes for a quick resolution to the US conflict with Iran (Trump provided a three-week guideline) supported risk assets, including crypto and oil (oil fell, which indirectly helped BTC). Bitcoin rose on this news.
🇦🇺- Australia passed a law requiring crypto exchanges to obtain financial licenses.
- In the US, the CLARITY Act is being discussed (which may affect stablecoins), as well as senators' inquiries to the SEC regarding crypto.
- Other notes:
- A company of Trump's former advisor (Nakamoto/Strategy) sold BTC at a loss (bought high, now liquidating).
- XRP is holding around $1.34 with signals of supply compression (holders are withdrawing from exchanges).
- Solana and some meme coins showed local spikes.
- A small negative: nearly half of BTC is currently at a loss, miners are under stress, outflows from ETFs.
#Crypto #BTC