Bitcoin Plunged: The Hidden Secrets Wall Street Won’t Admit

One major anxiety concerns the enormous tally of coins that have fallen into permanent stasis. Crypto savants put the figure at around 3.5 to 4 million BTC-nearly 18% of the total supply-that have not moved since Bitcoin’s infancy and are thought to be irretrievably lost. Then comes the not-so-hushed whisper that quantum computing might one day unlock these long-buried wallets with the ease of turning a page. Not confirmed, naturally, but markets love a phantom menace to sniff at during luncheon hours.

Crypto’s Tragicomic Plunge: Fear, Fools, and FOMC Follies

Bitcoin (BTC), the crowned prince of this digital realm, suffered a most undignified fall of 3.5%, tumbling to $65,900 before clawing its way back above $66,700. Ethereum (ETH), that fair maiden of smart contracts, lost her $2,000 support level, while XRP, BNB, Solana, and Dogecoin followed suit, their losses a tragicomic parade of 1% to 4%. And let us not forget the true laggards of this farce: Provenance Blockchain (HASH), Zcash (ZEC), and Memecore (M), whose misfortunes are as laughable as they are pitiable.