Bitcoin Addresses Quantum Computing Threat with New Security Proposal
As the world of cryptocurrency continues to evolve, it faces emerging threats from advancing technologies. Recently, a significant development in Bitcoin’s security landscape has garnered attention, aiming to safeguard the digital currency against the potential risks posed by quantum computing.
Quantum Computing Threats Prompt Bitcoin Developer to Introduce Security Proposal
Bitcoin faces quantum risks, prompting a developer named Agustin Cruz to submit a draft Bitcoin Improvement Proposal (BIP) known as “Quantum-Resistant Address Migration Protocol” (QRAMP) to the Bitcoin-Dev mailing list. The proposal introduces a hard fork that mandates moving unspent transaction outputs (UTXOs) to quantum-resistant wallets, aiming to protect Bitcoin’s blockchain from quantum computing cybersecurity threats.
No Short-term Rally, Bitcoin Bull Cycle is Over: CryptoQuant CEO Issues Warning
Bitcoin’s price has been stuck in a range, with its last trade above $90,000 occurring on March 7. By the end of the previous year, Bitcoin surpassed the $100,000 mark but quickly fell. Since then, Bitcoin has been on a downward trend, even dipping below $80,000. President Trump’s tariff announcement put additional pressure on the crypto space, causing most cryptocurrencies to suffer alongside Bitcoin. According to CryptoQuant CEO Ki Young Ju, the Bitcoin bull market appears to be over based on on-chain data analysis, specifically the Realized Cap metric which measures the actual capital entering the market.
Best Crypto to Buy Now as Bitcoin Dips To $81K
Bitcoin dropped to the $81K mark in response to Donald Trump’s tariff plans. While the price has bounced above the $83K due to a panic rally, fears persist about whether BTC will stabilize. The cryptocurrency market is not the only asset class affected; stocks also cratered, with the S&P 500 posting its biggest one-day loss since 2020. Coinbase and MicroStrategy suffered losses of 7% and 10% respectively in response to the tariffs. Optimism about Bitcoin stabilizing around the $85K - $86K level waned after a massive red candle formed on March 28th.
Bitcoin’s Price Stability at Risk From Potential ’Basis Trade Blowup’
Bitcoin’s (BTC) recent stability amid Nasdaq turmoil driven by tariffs has excited market participants about its potential as a haven asset. However, dynamics similar to those that caused the COVID crash of March 2020 may be emerging in the bond market, which bulls should monitor. Nasdaq, positively correlated with bitcoin, has dropped 11% since President Trump announced reciprocal tariffs on 180 nations, escalating trade tensions and drawing retaliatory levies from China. Other U.S. indices and global markets have also suffered, alongside sharp losses in risk currencies and a pullback in gold. BTC has largely remained stable despite these developments.
Bitcoin Holds Above $80,000 Support Amid S&P 500 Volatility
Despite volatility in the stock market, particularly the S&P 500, Bitcoin has remained resilient, consistently staying above the $80,000 support level. The cryptocurrency reached a high of $109,000 in January 2024 but has since experienced swings, dropping to $76,000 on March 11, 2025. As of now, Bitcoin is trading at $82,876, reflecting a 0.84% decline in the past 24 hours. Crypto analyst Daan Crypto Trades attributed Bitcoin’s recent volatility to weakness in U.S. equities, noting that when adjusted for the S&P 500’s drop, BTC has shed less than 10%. BTC’s breakout against Nasdaq 100 signals growing strength, with the potential to reach $100,000 soon.
