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Bitcoin Wall Street Love Affair: Honeymoon Phase Cooling Down, But Affection

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Bitcoin is sitting at 43% below its October peak, and yet Wall Street hasn’t blinked. The institutional product machine is still running at full speed. What happens next to the price may surprise both bulls and the newly converted suits.

Morgan Stanley has rolled out its first dedicated Bitcoin fund, the latest in a string of Wall Street moves that signal a structural, long-term commitment to the asset class regardless of short-term volatility. The launch arrives as Bloomberg analysts note the “speculative heat” has clearly exited the market, the 40% drawdown from peak levels is evidence enough.

But product launches don’t follow price; they follow conviction. Macro headwinds still remain real, with global trade disruption from the Iran conflict weighing on risk assets broadly. Though the divergence between institutional product activity and spot price weakness is the story we shouldn’t ignore.

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Discover: The best pre-launch token sales

Can Wall Street Pump Bitcoin Price to $80K?

Bitcoin is consolidating near the $71,000 level following a sharp multi-month correction. Volume has thinned during this drawdown phase, a pattern consistent with distribution giving way to accumulation. Technical readings suggest momentum is compressed, with the 200-day moving average acting as a line in for medium-term trend direction.

The $68,500–$70,000 band represents the key near-term support cluster. A clean hold there keeps the recovery thesis intact. Resistance sits in the $76,000–$78,000 range; a weekly close above that level would shift the technical picture meaningfully.

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Bitcoin is sitting at 43% below its peak, and yet Wall Street hasn't blinked. The institutional machine is still running at full speed.
BTC USD, Tradingview

Institutional, especially from Wall Street, Bitcoin buying pressure from the new Morgan Stanley fund flows, absorbs sell-side supply, forcing the price to grind back toward $80,000–$85,000 over four to six weeks.

However, a weekly close below $67,000 invalidates the recovery structure and opens a retest of the $60,000 psychological level.

The data points to patience being required here. Institutional conviction is building the floor; it isn’t yet building the ceiling.

Discover: The best crypto to diversify your portfolio with

Bitcoin Hyper: It’s Bitcoin, But Hyper

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When Bitcoin itself trades sideways, capital historically rotates toward higher-beta opportunities in the Bitcoin ecosystem, not away from Bitcoin entirely, but toward projects that amplify its thesis. That’s the window presale investors are currently watching.

Bitcoin Hyper ($HYPER) is positioning directly inside that rotation. It’s the first Bitcoin Layer 2 integrating the Solana Virtual Machine, meaning developers get Bitcoin’s security and trust layer combined with sub-second smart contract execution that, by design, targets performance exceeding Solana’s own throughput.

The project addresses Bitcoin’s three structural constraints simultaneously: slow transactions, elevated fees, and the absence of native programmability.

The numbers are concrete. Currently, presale price stands at $0.0136, with approaching $33 million raised to date. Staking is live with a high 36% APY also available to early participants. The presale has already crossed significant milestones, suggesting genuine demand rather than manufactured momentum.

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Traders looking for asymmetric exposure while BTC consolidates can research Bitcoin Hyper here.

The post Bitcoin Wall Street Love Affair: Honeymoon Phase Cooling Down, But Affection appeared first on Cryptonews.

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StarkWare Researcher Publishes Quantum-Safe Bitcoin Transaction Scheme

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StarkWare Researcher Publishes Quantum-Safe Bitcoin Transaction Scheme

The QSB scheme uses only existing Bitcoin consensus rules, sidestepping the network’s contentious upgrade process.

A researcher at StarkWare has published an open-source scheme for making Bitcoin transactions resistant to quantum computing attacks using only the network’s existing consensus rules — requiring no softfork, no protocol upgrade, and no community-wide coordination.

The project, called Quantum Safe Bitcoin (QSB), was released on GitHub by Avihu Levy, StarkWare’s chief product officer and a leading Bitcoin researcher at the firm who previously co-authored ColliderScript, a protocol for enabling stateful computation on Bitcoin without consensus changes. Levy also co-authored BIP-360, the quantum-resistant address proposal that was merged into Bitcoin’s official BIP repository in February — a proposal that, unlike QSB, would require a softfork.

“StarkWare has some of the best hackers on the planet,” Eric Wall, co-founder of Taproot Wizards and board member of the Starknet Foundation, wrote on X. “It is beautiful to see when hackers use their powers for good.”

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QSB builds on Binohash, a transaction introspection technique developed by BitVM creator Robin Linus of ZeroSync and Stanford University that was demonstrated on Bitcoin mainnet in February.

No Softfork Required

The no-softfork distinction is what sets QSB apart. Most paths to hardening Bitcoin against quantum attacks, including BIP-360 and hash-based signature schemes like SPHINCS+, require protocol-level changes that must navigate Bitcoin’s notoriously slow and contentious governance process.

That governance bottleneck is increasingly seen as the real vulnerability. A Google Quantum AI paper published March 30 concluded that breaking Bitcoin’s elliptic-curve cryptography could require fewer than 500,000 physical qubits — a roughly 20-fold reduction from prior estimates. The paper warned that a sufficiently advanced machine could derive a private key from an exposed public key in about nine minutes, narrowly inside Bitcoin’s 10-minute block window. Google itself has set a 2029 deadline to migrate its own authentication services to post-quantum cryptography.

QSB sidesteps the governance question entirely. The scheme operates within Bitcoin’s tightest legacy script constraints — 201 opcodes and a 10,000-byte script limit — and can be used by anyone willing to pay roughly $75 to $150 in cloud GPU compute and submit their transaction directly to a miner via a service like MARA’s Slipstream.

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StarkWare has been at the center of Bitcoin’s quantum-defense efforts. Co-founder Eli Ben-Sasson has argued that Bitcoin must begin responding to the quantum threat now.

How It Works

Standard Bitcoin transactions use a digital signature scheme called ECDSA to prove ownership of funds. A quantum computer running Shor’s algorithm could reverse-engineer that signature process, deriving private keys from public keys and stealing coins.

QSB swaps out the security model. Instead of relying on the mathematical hardness of elliptic curves — which quantum computers can break — it relies on the hardness of reversing hash functions, which they cannot. The scheme forces a would-be spender to solve a computationally expensive hash puzzle that binds the transaction to a specific set of parameters. Any attempt to alter the transaction invalidates the puzzle solution, requiring the attacker to redo the work from scratch.

The result is roughly 118 bits of security against Shor’s algorithm, compared to effectively zero for standard Bitcoin transactions in a post-quantum world.

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Early Stage

The project remains a work in progress. The GPU pinning search — the first of three phases required to construct a quantum-safe transaction — has been successfully tested, finding a valid result after roughly six hours across eight Nvidia RTX PRO 6000 GPUs. But the digest search and on-chain broadcast have not yet been completed end-to-end.

There are practical constraints as well. The transactions exceed default relay policy limits and must be submitted directly to miners. The locking script must be placed as a bare output because it exceeds P2SH’s 520-byte redeem script limit.

Still, the release demonstrates that a degree of quantum resistance is achievable on Bitcoin today — for anyone willing to bear the cost — without waiting for the community to agree on a softfork.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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ETH Price Eyes $2.5K As Data Points To Undervalued Conditions

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ETH Price Eyes $2.5K As Data Points To Undervalued Conditions

Ether (ETH) may be on the path to retesting $2,500 if the current rally above $2,150 and the bullish spot and futures market volumes pushing prices higher are sustained.

Ether is also supported by a key macro indicator that places the altcoin in a rare undervaluation zone not seen since 2022. The data points to fading selling pressure and the early stages of an accumulation process for Ether.

ETH price structure strengthens above $2,150

Ether’s daily chart shows bulls leading the charge after a 6.33% rally pushed the price above the $2,150 resistance. ETH now eyes a retest of its March highs near $2,385, with further upside toward the $2,475–$2,635 fair-value gap acting as a price magnet for bulls.

Repeat retests of $2,150 over the past two months suggest weakening resistance, as buyers continue stepping in at higher levels.

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ETH/USDT on the one-day chart. Source: Cointelegraph/TradingView

Charts show ETH market structure improving and the current volumes being largely spot market driven. On the four-hour chart, ETH maintains higher lows while attempting to break into the $2,250–$2,300 range.

The aggregated spot cumulative volume delta (CVD) has remained elevated in April at 184,500 ETH, reflecting sustained spot demand.

ETH spot CVD, futures CVD, open interest and funding rate. Source: Velo.chart

The futures CVD has also trended gradually upward to 4.36 million ETH, suggesting that derivatives traders are beginning to support, rather than lead, the move.

The funding rate remains positive at 0.0052, indicating a long bias, and the open interest near 4.75 million ETH is still range-bound, signaling limited leverage.

Data shows ETH is in a controlled accumulation phase, marginally led by spot demand, though a stronger breakout would likely require an expansion in futures positioning.

Related: Ethereum stablecoin supply hits $180B all-time high: Token Terminal

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Macro index shows ETH in a “rare” undervalued zone

Ether may be nearing a macro bottom according to the Capriole Macro Index Oscillator with a reading at -2.42. This puts Ether in a rare undervalued zone historically linked with capitulation and trend reversals.

The indicator tracks investment behavior, cycle positioning, and onchain data, with deeply negative values often signaling seller exhaustion.

Previous signals highlight the metric’s reliability. In June to July 2022, ETH bottomed near $1,000–$1,200 when the indicator fell to -2.2. In October to November 2023, a drop to -1 aligned with ETH’s price breaking out after a drop to $1,500.

In April 2025, another negative reading marked a local bottom near $1,500, setting the stage for a rally above $4,000.

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Macro Index Oscillator for ETH. Source: Capriole Investments

The current setup mirrors prior capitulation phases. ETH has fallen from highs near $4,800 to $2,100, while the oscillator sits near cycle lows.

With ETH now in a rare undervalued zone, the downside risk appears limited relative to the upside potential. However, the confirmation would come with a reclaim of the $2,400–$2,500 level and a move back toward zero for the macro indicator.

Analyst crypto sunmoon noted that the ETH taker buy/sell ratio has been trending upward for four to five months.

Combined with the current drawdown, the structure resembles the setup preceding the April to May 2025 rally, suggesting a similar recovery phase may be forming.

Ether taker buy-sell ratio on all exchanges. Source: CryptoQuant

Related: Three reasons why Ether traders expect ETH to hold above $1.8K