BTC, XRP, SOL, ADA Price News: Google’s Quantum Computing Update Stirs Old Crypto Fears
Major cryptocurrencies held flat as Google's quantum computing announcement briefly revived long-standing fears about Bitcoin's cryptographic security.Summary
Major cryptocurrencies like Bitcoin (near $109,000), Ether, SOL, XRP, and ADA showed little movement during Thursday's Asian hours, continuing a broad range play following an early October crash that hurt risk sentiment. October is set to be the least profitable month for investors since 2015, despite being seasonally bullish, as the market remains in a "sell-the-growth mode" with thin liquidity and sentiment drifting toward "extreme fear." Even a significant announcement from Google regarding its Willow chip achieving "quantum advantage"—a milestone suggesting progress toward practical quantum computing—failed to move the market substantially. This news briefly reignited old anxieties that future quantum computers could break Bitcoin's cryptography, though experts note this remains a distant threat. Analysts suggest the market is balanced in a tight range, waiting for a decisive break in price or narrative, noting that market indifference might be the most bearish signal.
(Source：CoinDesk)