Key facts: Bitcoin Plummets 30% to Below $82K; Year-to-Date Losses Hit 12%; Quantum Threats Loom
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- Bitcoin (BTCUSD) has dropped over 30% from its peak of $126,000 on October 6, now below $82,000, due to forced selling in the crypto derivatives market, causing $2.22 billion in losses.12
- Bitcoin has erased all its year-to-date gains, currently down 12% for the year, following a significant market downturn that liquidated over $19 billion in positions last month.3
- Experts warn that quantum computers may threaten Bitcoin's security within two to three years, highlighting the urgent need for protective measures for the cryptocurrency.4