Bitcoin surpasses $103,000

VanEck’s Matthew Sigel indicates that the recent rise in the Altcoin Season Index could lead to gains for Bitcoin, with historical data showing an average increase of 10% one month after the index surpasses 60 points.
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Google’s Willow quantum chip raises concerns about Bitcoin’s cryptographic security, prompting experts to suggest that the crypto industry has less than 10 years to implement post-quantum encryption measures.
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As Bitcoin surpassed $103,000, shifts in the options/futures open interest ratio indicated that hedgers were influencing its price movement, leading to increased volatility in the market.
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