Steady as She Goes

Overview
Volatility is back in the cryptocurrency markets as the prices of bitcoin nosedived as much as 10 percent before stabilizing near its 5-month low at the 7400 levels. While many have been focused on Facebook’s Mark Zuckerberg’s Libra pitch in the US Congress, Google’s “quantum supremacy” claim could also be in play. While bitcoin’s downward pressure may persist in the short term, did the recent price corrections alter the long-term view of the crypto?