Bitcoin’s Recent Struggles

US-based spot Bitcoin ETFs have already lost approximately $2.6 billion in 2026. Bitcoin developer Matt Corallo has dismissed fears surrounding quantum computing as a cause for the recent sell-off.

Highlights of The Week

Metaplanet’s CEO Simon Gerovich has countered accusations that the company failed to disclose critical Bitcoin trading details. Critics on X have alleged that Metaplanet misled investors regarding substantial Bitcoin transactions funded with shareholder resources.

Bitcoin ETFs have recorded outflows of $166 million in the early days of the year, contributing to a total of $2.7 billion in losses to date. The trading volume has decreased by 21% over the previous week.

Outlook

Brad Garlinghouse, CEO of Ripple, has shared insights from a recent White House meeting with crypto and banking industry representatives concerning stablecoin market rules.

Corallo’s Perspective: “I strongly disagree with the characterization that Bitcoin’s current price is materially because of some kind of quantum risk.”

Noteworthy Quotes

• Matt Corallo: “If that were true, then Ethereum would be up substantially on Bitcoin.”
• Hayden Adams: “Scam ads keep returning despite years of reporting.”

Conclusion

With debates surrounding regulations and market dynamics continuing, stakeholders remain vigilant in navigating the complexities of the cryptocurrency landscape.