In US morning trading on Friday, the cryptocurrency market, along with Bitcoin, further strengthened its overnight rally. $BTC$68,159.47 Since reaching $60,000 late yesterday, it has risen about 13% to more than $68,000.
Despite the rebound, Bitcoin remains down 2% in the past 24 hours. ether $ETH$1,926.58 3% lower, Solana sol$81.57 Increase by 5%. What is better is $XRP $XRP$1.3696currently up to $1.47, an 8% increase from the previous day.
Cryptocurrency stocks have seen a big rally on Friday after plummeting in the previous session.
Strategy (MSTR), which late Thursday reported a $14.2 billion fourth-quarter loss, is up 14% at $122, still 22% lower year-to-date. Galaxy Digital (GLXY) rose 15%, while Bitcoin miner MARA Holdings (MARA) rose 12%.
Among the worst performers on Friday was Bitcoin miner turned AI infrastructure provider IREN (IREN), which fell 1.8% after disappointing results on Thursday night.
Thaler takes quantum seriously
Those looking for bottom signals point to last night’s Strategy earnings call, where Michael Saylor pledged to lead a Bitcoin security program that addresses quantum threats.
Some in the cryptocurrency industry argue that Bitcoin’s security model faces a serious threat from quantum computing. This threat is so immediate that many investors are selling their Bitcoin or refusing to allocate to it altogether.
“Saylor’s announcement tells us that the price is finally forcing the Bitcoin community to recognize and address quantum risk,” Quinn Thompson wrote.
Prepare for technical bounces
Paul Howard, a director at crypto trading firm Wincent, noted that Bitcoin is now back to price levels last seen 14 months ago. This technical setup often results in at least a short-term backlash.
“It would be strange if we didn’t see at least a short-term pullback here,” he said, especially with the RSI indicating oversold conditions.
He added that trading volumes were: $BTC and $ETH more than double the 2024-2025 level and the highest in more than two years
