Bitcoin price news: BTC re-takes $68,000 as Michael Saylor addresses Quantum Computing threat
CoinDesk
Bitcoin rebounded above $68,000 after a crash, while MicroStrategy's Michael Saylor addressed quantum computing risks.Summary
Bitcoin recovered above $68,000 on Friday, climbing about 13% from its low of $60,000 the previous day, although it remained down 2% over the last 24 hours. Crypto-related stocks like MicroStrategy (MSTR), Galaxy Digital, and MARA Holdings saw significant gains following the previous session's plunge. A key development was Michael Saylor of MicroStrategy pledging commitment to a Bitcoin security program to counter the threat posed by quantum computing, a concern some investors cite for selling. Analysts noted that Bitcoin's return to price levels seen 14 months ago, coupled with oversold RSI conditions, suggested a technical bounce was likely, further supported by surging trading volumes for BTC and ETH.
(Source：CoinDesk)