Bitcoin remains above $105,000 levels amidst controversy and quantum threat, awaiting US data. Bitcoin still remains at levels well above $105,000 at $105,496, according to CoinMarketCap. The calm continues as the anticipation for key U.S. inflation data to affect the sentiment in the market. Analysts signal resistance at $106,500 and support at $103,000, thus the market still remains in a conservative trend.
Institutional Interest and Market Dynamics
Despite the recent volatility, ETF demand and institutional inflows have given Bitcoin its price stability. Market participants are becoming more worried about macroeconomic events like rising bond yields and global tariff tensions.
Data on-chain shows an all-time high in whales’ balances of about 3.57 million BTC, nearing historical highs in the past. The trend follows the increasing institutional investor demand during times of falling prices, when hopes of future price appreciation are high.
Quantum Computing Threats to Cryptocurrency
Apart from this, the crypto world also faces the danger of quantum computers. The development of quantum technology has the ability to shatter the cryptographic foundations of Bitcoin and other cryptos, experts say. One of the developers of quantum computers, Yuval Boger, described short-term threats as infinitesimal but warned against long-term threat to cryptos employing elliptic curve cryptography (ECC).
Strategy’s Michael Saylor scoffed at quantum computing threats undermining Bitcoin security. He characterized such threats as marketing tactics to drive “quantum-branded tokens.” Saylor asserted that the Bitcoin network would roll out a software patch to ward off quantum attacks.
Threats familiar to insiders indeed exist, i.e., to publicly exposed keys, but Saylor questioned the big tech players and governments would use powerful quantum tools. While storm clouds of controversy surround the quantum threat, Bitcoin hovers at $105,000.
Studies confirm that Bitcoin and Ethereum using ECC are at the greatest risk. Professionals propose taking proactive measures like moving to post-quantum cryptography systems for secure digital assets. Such migrations result in prolonged network downtime, which hinders responding to this new threat.
