Crypto news and market trends | Bitpanda Weekly Wrap #12

Key price movements

BTC: +0.72 %, 91.347,94 €

ETH: +1.85 %, 2.197.90 €

S&P 500: -0.97 %

Euro Stoxx 50: -2.11 %

Prices as of 10.40 am, 13 June 2025

The week began on a high: Bitcoin came within 1.5% of its all-time high in U.S. dollar terms, while Ethereum briefly reclaimed the €2,500 level. But by Thursday, momentum had shifted. Following reports that geopolitical tensions in the Middle East escalated, Bitcoin slid to €89,000. The pullback also echoed across traditional markets, with U.S. and European stock index futures both down around 1.5%.

As equities retreated, classic safe havens stepped into the spotlight. Gold climbed 0.75% to $3,428 per ounce, crude oil surged 9% to $74 per barrel, and bond prices rose, pushing the 10-year U.S. Treasury yield down to 4.32%. Currency markets mirrored the shift in risk appetite, with the dollar strengthening against the euro and pound but losing ground to the yen and Swiss franc.

Still, crypto’s underlying story remains strong. Over $393 million in Ethereum has quietly moved off exchanges — a sign that long-term holders may be tightening their grip. ETF inflows into ETH are now outpacing those into Bitcoin, hinting at growing institutional interest.

Explore the latest crypto prices, stock prices, and market trends.

Quantum leap for computing?

The rise of quantum computing has reignited debate over whether it could one day break Bitcoin’s encryption — and destroy the network in the process. In theory, a sufficiently powerful quantum machine could reverse-engineer private keys, allowing bad actors to hijack wallets and spend coins they don’t own. That would undermine the trust that makes Bitcoin valuable — and potentially wipe out trillions in global holdings.

But in practice, that scenario is still a long way off. Today’s most advanced quantum systems can handle around 1,000 qubits; breaking Bitcoin’s encryption would likely require millions of fault-tolerant qubits — a leap that could be decades away. Meanwhile, the crypto and cybersecurity communities aren’t standing still. Governments and researchers are racing to develop post-quantum cryptography, and Bitcoin’s open-source protocol gives it room to adapt.

Still, the topic is currently stirring up the markets: shares of Quantum Computing Inc. (QUBT) jumped by 25% on Wednesday, reaching their highest level since December. The trigger was optimistic comments from Nvidia CEO Jensen Huang, who said that quantum computing had reached a turning point and could soon solve complex problems.

TL;DR: Yes, the quantum threat is real. But so is the global effort to prepare for it — and Bitcoin, like the internet itself, is more likely to evolve than vanish.

Uber eyes a crypto ride, eventually

It’s not the first time Uber has flirted with the idea of crypto payments (for the third time now) — but this week, the conversation resurfaced in a more pointed way. During the Bloomberg tech conference in San Francisco, Dara Khosrowshahi confirmed that the company is still actively considering allowing payments in stablecoins.

That’s not nothing. Uber is one of the most widely used apps in the world, and if it were to add crypto as a payment option, it could signal a major step forward in real-world use cases — something the industry has long been chasing.

Still, don’t expect to pay for your next ride with Bitcoin just yet. Khosrowshahi made it clear that Uber’s interest depends on a few key factors: energy efficiency, transaction speed, and regulatory clarity. In other words, the tech — and the rules — still have to catch up.

TL;DR: Uber’s renewed interest in Bitcoin as a payment is a reminder that while crypto adoption isn’t moving at lightning speed, it is steadily building. And each time a company like Uber reopens the door, the industry moves a little closer to the mainstream.

Crypto comings and goings

Altcoins weren’t spared in Thursday’s downturn, with meme coins seeing a sharp reversal after an impressive run. Earlier in the week, tokens like Fartcoin, SPX6900 and aura had grabbed headlines: Fartcoin was up 47.8% over the week, SPX6900 reached an all-time high of $1.73 on June 11 after five straight days of gains, and aura skyrocketed more than 9,700% after months of quiet. But as broader market sentiment shifted, even these standouts lost momentum.

While these tokens often draw short-term attention, their latest moves underscore how sensitive the altcoin market is to shifts in sentiment. As appetite for risk pulls back, even the most speculative assets are feeling the pressure.

TL;DR: The altcoin space reacts quickly to changing momentum — and as the broader market recalibrates, that pattern is likely to continue.

Disclaimer

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