Bitcoin 
$109,411.71After the sharp decline on October 10-11, it spends the week on a horizontal course around $ 109,000. Ethereum 
$3,887.23Solana, XRP and Cardano 
$0.640025 is trading in a similarly narrow band, making October so far one of the weakest Octobers for investors since 2015. In an environment where liquidity is weak and risk appetite decreases cryptocurrency marketThe search for direction continues.
Google’s “Quantum Advantage” Awakens Old Fears
tech giant Googleannounced that it has achieved quantum advantage with its new quantum processor called “Willow”. The development has brought old concerns about the future of Bitcoin’s encryption infrastructure to the agenda again in the cryptocurrency world. In theory, quantum computers provide the security of Bitcoin cryptographic The claim that it could solve the systems created short-term uneasiness in the market. However, experts state that this possibility is still years away.
For cryptocurrency investors, the main issue was the psychological impact of the news. Investors, who see every rise in recent weeks as a selling opportunity, maintain their cautious stance due to the impact of macro uncertainties. Crypto Fear and Greed Index At 25, it is one step away from the “extreme fear” threshold.
Market Waits for Next Big Move as Liquidity Drops
In the sales wave on October 10-11, $19 billion in leveraged positions were liquidated, and confidence throughout the market was greatly shaken. Since then, Bitcoin has been stuck between its 50- and 200-day moving averages. Every attempt to rally was quickly met with a sell-off. FxPro’s senior market analyst Alex KuptsikevichHe evaluated, “If the market is breathing in such a narrow range, it shows that we are on the verge of a big movement.”
Investors are having difficulty determining direction ahead of the Fed’s interest rate decision on October 29. Neither bulls nor bears were able to gain a dominant advantage. Now everyone is waiting for a break in prices or narrative. But even Google’s revolutionary technological announcement could not move the market. In an ecosystem fueled by speculation, indifference is seen as the most negative signal.
