Bitcoin continues to trade within a narrow corridor and faces difficulty gaining upward momentum, as equity futures declined Friday morning with US-Iran geopolitical tensions continuing to impact market sentiment.
A researcher from StarkWare has unveiled an innovative approach to protecting Bitcoin transactions from potential quantum computing threats, utilizing the blockchain's current infrastructure without requiring any modifications to the underlying protocol.
Bitcoin climbed beyond the $72,000 threshold on Thursday, buoyed by encouraging developments in Middle Eastern diplomatic relations. Israeli Prime Minister Benjamin Netanyahu directed his cabinet to initiate ceasefire discussions with Lebanon focused on Hezbollah disarmament.
Fidelity and Morgan Stanley's Bitcoin ETFs also saw a combined $68.2 million in inflows, while four other Bitcoin ETFs also tallied inflows on Thursday.
A solo Bitcoin miner has pulled off one of the most improbable feats in crypto history, successfully mining a block against staggering odds and walking away with approximately 3.128 BTC valued at around $222,000 including both the block subsidy and transaction fees. According to Wu Blockchain, the miner was running a modest setup operating at just 70 terahashes per second (TH/s).
Bitcoin's push past $73,000 quickly lost steam as the market shifted focus back to a shaky truce between the U.S. and Iran.
Bitcoin (BTC) is seeing a renewed drawdown in exchange-held supply as net outflows accelerated over the past 24 hours, a shift that often signals tightening spot liquidity and increased preference for self-custody. At the same time, Binance's BTC/USDT market recorded a sharp surge in European-session activity, hinting that near-term price discovery and 'liquidity inflow' are increasingly being driven outside Asia.
Bitcoin retreated to $71,843 on Friday after sellers once again defended the $73,000 level on its third consecutive failed breakout attempt. Despite the pullback, the leading cryptocurrency posted its strongest weekly gain of the ongoing conflict period, rising 7.9% and holding firmly above its 50-day moving average a bullish structural signal that has not been seen since hostilities began in late February.
Bitcoin was rejected again at $73K earlier today, slipping toward $71.8K as altcoins fell harder, leaving traders stuck in a stubborn $70K-$73K range.
A StarkWare researcher has unveiled what is being called the first method to make Bitcoin transactions quantum-resistant on the live network today, requiring zero changes to Bitcoins existing protocol. While the approach marks a significant milestone in cryptocurrency security, it comes with a steep price tag up to $200 per transaction making it a practical emergency measure rather than an everyday solution.
Is the 17% drop in global Bitcoin hashrate an opportunity or a risk?
Bitcoin is in the midst of a long downward trend. Many of its most ardent holders are sitting on losses.