Bitcoin
Why Bitcoin is down 1.0% in the last hour
Analysis
Bitcoin slipped about 1% over the past hour as risk sentiment weakened following reports of sizable ETF outflows, including CryptoNews citing roughly $290M leaving Bitcoin ETFs, reinforcing a near-term “risk-off” backdrop. Adding to the pressure, CoinDesk highlighted new Google research suggesting Bitcoin’s Taproot could make certain quantum-related attack paths easier than previously thought, which may have weighed on sentiment even if the threat is not immediate.
Contributing Factors (3)
Breaking Bitcoin with quantum may be easier than thought, with Taproot partly to blame, Google says
The findings suggest attackers could one day steal bitcoin mid-transaction, challenging assumptions that the threat is decades away.
Worst six months since 2018? Five things to know in Bitcoin this week
Bitcoin prepared its first six straight months of losses since its 2018 bear market as Iran war woes kept markets firmly in check.
Bitcoin ETFs See $290M in Outflows as Risk-Off Sentiment Intensifies
Bitcoin ETFs See $290M in Outflows as Risk-Off Bites The post Bitcoin ETFs See $290M in Outflows as Risk-Off Sentiment Intensifies appeared first on Cryptonews.
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