Bitcoin Dips Below $100K Amid $1.7B Crypto Liquidation

A sharp correction in the crypto market led to $1.7 billion in leveraged position liquidations, with Bitcoin dropping to $94,100 and Ethereum falling below $3,800. The market-wide selloff saw significant losses in altcoins like Ripple, Dogecoin, and Cardano. Speculation suggests factors like Google's new quantum computing chip and Bitcoin transfers from Bhutan may have influenced the downturn. Despite concerns about quantum computing's potential threat to crypto security, experts argue that current quantum capabilities are insufficient to compromise Bitcoin's encryption.