Flat Crypto Action: BTC, XRP, SOL, ADA Unchanged While Google’s Quantum Progress Raises Alarm

Crypto Markets Flat as October Fails to Deliver, Quantum Fears Resurface

Cryptocurrency markets remain subdued, with October shaping up to be the weakest month for gains since 2015, despite its seasonal bullish bias.

During Thursday’s Asian session, Bitcoin (BTC) traded near $109,000, maintaining a range-bound pattern after the Oct. 10 crash, which erased $19 billion in leveraged positions and dampened risk appetite.

Ether (ETH) hovered around $3,850, while Solana (SOL), XRP ($2.49), and Cardano (ADA, $0.6454) showed minimal movement. Analysts describe the market as stuck in “sell-the-growth mode,” where small rallies are quickly sold amid thinning liquidity. The crypto fear index stands at 25, just above “extreme fear.”

The recent Google “quantum advantage” announcement briefly reignited long-standing concerns over Bitcoin’s cryptographic security. While practical quantum computing is still distant, the milestone reminded traders of potential vulnerabilities in older blockchain systems.

With the Federal Reserve’s Oct. 29 policy decision approaching, investors remain cautious, keeping crypto prices confined to a narrow range.

“Markets are balancing in a tight band. The next big move depends on whether bulls lose patience or bears run out of conviction,” said Alex Kuptsikevich, chief market analyst at FxPro.