Bitcoin (BTC) is once again confronting a thorny question that blends cybersecurity with ideology: if future quantum computers can crack today's cryptography, should the network proactively ‘freeze' an estimated 4 million BTC believed to be stranded in long-dormant wallets—or accept that those coins may eventually be stolen and sold by whoever can access them? The debate resurfaced over the weekend after fresh discussion around “Q-Day,” the hypothetical point at which quantum systems become powerful enough to break the cryptographic assumptions that protect Bitcoin private keys.
Bitcoin surged above $69K earlier today, wiping out $196M in crypto shorts as 80,963 traders were liquidated in a broad market rebound.
Total crypto market cap rose 2.5% to $2.37T on Monday. A last-ditch diplomatic push for a US-Israel-Iran ceasefire gave risk assets a reason to climb.
Bitcoin trades at $68,963 with neutral RSI at 50.69 and bearish MACD momentum. Technical analysis suggests BTC price prediction targets $75,000-$80,000 by May 2026 if key resistance breaks.
The cryptocurrency market experienced a sudden upward swing today, with some major bearish trades ending up being crushed.
A report that the U.S. and Iran are discussing a 45-day ceasefire lifted risk assets across the board on Monday, with short liquidations outpacing longs nearly 3-to-1 in the past 12 hours.
Bitcoin dominance near 60% and weak sentiment suggest altcoin season remains unlikely for now.
Bloomberg's Mike McGlone has reiterated his forecast that Bitcoin could plunge to $10,000, this time anchoring his outlook to a clear line in the sand: $75,000.
Michael Saylor posted "back to work" on X on Sunday, signaling a potential Bitcoin purchase after the firm paused buying last week.
Bitcoin (BTC) options positioning showed a notable shift over the past day, with open interest rising above $30 billion and traders concentrating activity in a high-strike $380,000 call expiring in late June—an unusual focal point that underscores how speculative upside bets can coexist with short-term hedging demand. Data compiled by CoinGlass at 12:00 a.m.
The liquidation highlights market resilience and cautious optimism, but traders remain wary amid geopolitical tensions and uncertain trends. $65M in short positions liquidated as Bitcoin and Ethereum see price bump.
Geopolitical tensions and macroeconomic factors can swiftly impact crypto markets, highlighting the volatility and unpredictability for traders. $65M in shorts liquidated as Bitcoin and Ethereum prices rise.