Bitcoin Price Analysis: BTC Flat Over The Weekend, Holds Above $115,000

Bitcoin (BTC) saw minimal movement over the weekend as it held above the $115,000 ￰0￱ flagship cryptocurrency reached $117,890 last week as buyers attempted to cross the $118,000 mark. However, it fell short of this level and fell to a low of $115,179 on ￰1￱ is marginally up during the ongoing session, and is trading around $115,822. Solana Founder Warns Of Quantum Risk Solana co-founder Anatoly Yakovenko has warned that Bitcoin faces a quantum risk if developers don’t act by ￰2￱ to Yakovenko, there is a 50-50 chance of a quantum breakthrough within the next five ￰3￱ means quantum computers will be able to run Shor’s algorithm and compromise existing signature schemes that secure the Bitcoin ￰4￱ Solana co-founder recommended migrating Bitcoin to a quantum-resistant signature scheme.

Yakovenko’s remarks about the quantum threat to Bitcoin came during a wide-ranging discussion about the next step for ￰5￱ discussed quantum computing, calling it an existential risk for today’s primitives, and a potential economic catalyst as disruptive as artificial ￰6￱ (BTC) Poised To Grow In Price And Adoption Market analyst Jordi Visser believes Bitcoin (BTC) is poised to grow regardless of macroeconomic conditions over the coming years and decades as the global markets head for a Fourth Turning-style ￰7￱ with Anthony Pompliano, Visser stated that average investors and individuals had lost confidence in legacy institutions, which will drive investments into ￰8￱ referred to the Fourth Turning, a book written by William Strauss and Neil ￰9￱ book describes the cyclical rise and fall of nations due to predictable intergenerational ￰10￱ stated, “Bitcoin is a trustless ￰11￱ was set up first to deal with the fact that I don't trust the banks.

Well, now we're past the banks. I don't trust my employer. I don't trust the government. I don't trust the banks.

I don't trust the currency. I don't trust the debt. I don't trust anything, and so, I don't see how you all of a sudden get the trust back.” Bitcoin Mining Difficulty Climbs To New All-Time High The Bitcoin mining difficulty reached a new all-time high of 142.3 trillion on ￰12￱ Bitcoin mining difficulty is a metric that tracks the relative challenge of adding new blocks to the ￰13￱ difficulty has hit successive all-time highs thanks to an influx of freshly deployed computing power over the past few weeks. Bitcoin’s hashrate also hit a new all-time high of over 1.1 trillion hashes per second on Friday, according to data from ￰14￱ mining difficulty and the growing need for energy-hungry, high-performance computing power to secure the network are making it difficult for individual miners and corporations to ￰15￱ has raised concerns about Bitcoin mining becoming ￰16￱ miners and even publicly-traded companies are facing competition from governments that have access to free energy resources and energy infrastructure providers that can integrate Bitcoin mining into their ￰17￱ (BTC) Price Analysis Bitcoin (BTC) has traded flat over the weekend after a week of volatility, which saw prices drop to a low of $114,724 and reach a high of $117,998.

The flagship cryptocurrency fell 1.22% on Friday, settling at $115,690. The price recovered marginally on Saturday before dropping during the ongoing ￰18￱ flagship cryptocurrency held above $115,000 despite central bank risks thanks to a looming threat of a yen carry trade unwind. Meanwhile, the Federal Open Market Committee’s (FOMC) economic projections signaled two further rate cuts in ￰19￱ rate cuts during the fourth quarter, along with a Bank of Japan rate hike in October, could narrow the US-Japan interest rate differential and strengthen the yen. A stronger yen could pressure traders to unwind their positions in risk assets to clear yen loans, potentially crashing the USD/JPY pair.

However, strong institutional demand could thwart the risk of a market ￰20￱ spot Bitcoin ETFs have extended their inflow streak to three weeks, indicating strong demand and keeping prices above key ￰21￱ to data from Farside Investors, US spot Bitcoin ETFs reported net inflows of $886.5 million, taking total net inflows for September to $3.46 ￰22￱ started the previous weekend in positive territory, rising 0.49% despite selling pressure and settling at $116,106. However, price action turned bearish over the weekend as the flagship cryptocurrency registered a marginal drop on Saturday, falling 0.56% on Sunday and settling at $115,314. The price rallied to an intraday high of $116,802 on Monday but lost momentum after reaching this level, ultimately settling at $115,381.

Bullish sentiment intensified on Tuesday as BTC rallied, rising 1.25% to $116,832. The price fell to an intraday low of $114,724 on Wednesday. However, it rebounded from this level to reclaim $116,000 and settle at $116,484, ultimately dropping 0.30%.