Crypto markets are back in focus. Prices are moving again after a slow March. A mix of global politics and tech fears is driving sentiment.
Bitcoin is now at $67,978.0. It gained 1.1 percent in a day. This comes after a quiet phase last month. The recent rise is linked to easing war fears.
Markets reacted after US President Donald Trump said the Iran war may end soon. He hinted at a timeline of 2 to 3 weeks. This boosted risk appetite across markets.
Bitcoin also performed better than gold during the conflict period. This shows investors are still trusting crypto in uncertain times.
Bitcoin gains 1.1 percent as iran war cooling boosts risk sentiment
The main trigger is geopolitics. Trump said the US has achieved its goals in Iran. He also claimed nuclear risks have been reduced.This created hope for the de-escalation. Investors moved back into risk assets like crypto.
But uncertainty remains. The Strait of Hormuz is still a question. It is a key oil route. If it stays closed, energy prices can rise again. Higher oil prices can lead to inflation. That can push central banks to stay strict. This is not good for crypto. So while Bitcoin is rising now, the situation is still fragile.
Google warns quantum computing could break bitcoin security by 2029
A new risk is also emerging. Google researchers have raised concerns about crypto security. They said quantum computing could break Bitcoin encryption. This is based on elliptic curve cryptography.
The study suggests this may need less than 500000 qubits. This is much lower than earlier estimates. Right now, such machines do not exist. But experts believe this could happen by 2029.
If this becomes real, it can threaten Bitcoin and other blockchains. Experts are now asking the industry to shift to safer systems. This adds a long term risk even as short term prices rise.
Ethereum jumps 2 percent while altcoins rebound after weak march
Altcoins are also moving up. Ethereum is at 2114.29. It gained 2 percent in a day.
XRP is at 1.3469. It rose 1.6 percent. Solana and Cardano gained around 1 percent each.
Dogecoin moved up 1.2 percent. TRUMP token saw a small rise.
Most altcoins had a weak March. The war reduced investor interest in risky assets.
Overall, crypto markets are at a turning point. Short term sentiment is improving. But global risks and tech threats are still present. This makes the next move very important for investors.