Bitcoin slides with risk assets
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A free crypto newsletter that will get you ahead of the market The bitcoin price has topped $70,000 per bitcoin, up almost 20% from its recent lows, with Elon Musk quietly signalling a bitcoin and crypto game-changer.
Such a measure would reduce the risk that a quantum-based attack would flood the market with millions of newly circulating Bitcoins. Richardson, though, says he is not in favor of a forced upgrade. He believes the market impact of a quantum hacker cracking Satoshi’s wallets would be “brutal…but not the end of Bitcoin.”
But first, it needs to pass one key test.
A new Charles Schwab research note reframes the question of crypto allocation as less about forecasting returns and more about an investor’s tolerance for volatility.
Bitcoin jumped back above $70,000 Monday for the first time since March 25, as investors weighed reports that Iran was seeking a ceasefire in the ongoing war, even as US President Donald Trump escalated threats to attack civilian infrastructure.
The study, titled “ Kardashev Scale Quantum Computing for Bitcoin Mining ,” reveals that while quantum computers are often viewed as a threat to the network, using them to accelerate traditional mining is currently an impossible task.
Bitcoin faces bearish macro forecasts, but current price action shows consolidation, not collapse, challenging the $10K narrative.
Strategy has acquired 4,871 Bitcoins for $329.9 million, retaining its status as the largest corporate Bitcoin holder in the world.
Bitcoin risks a deeper slide toward $43K as bearish technical signals collide with Trump-driven war jitters and a spike in oil prices.