About Qtum

Starting 2025 on a short correction, the QTUM price has displayed a strong bullish reversal overnight. After concluding January on a bearish note, this altcoin skyrocketed on the 1st day of February, highlighting a high possibility of a bullish run ahead. Moreover, with bullish momentum building, the QTUM price could soon reclaim the $5 mark.

While the cryptocurrency continues recording a mixed price action with top cryptocurrencies hovering around their important trendlines, the QTUM price has surged over 45% overnight. Notably, the rally was recorded following a massive surge in the Quantum computing stocks yesterday.

The crypto prices on Saturday have shown mixed actions as broader macroeconomic events unfolded. Bitcoin (BTC) price showcased a waning movement to reach $102K, whereas Ethereum (ETH) and meme coins witnessed an upward intraday action.

Binance announces the delisting of QTUM/BTC and XVS/BTC margin trading pairs, effective November 14, 2024, impacting both cross and isolated margin users.

The latest Bitcoin (BTC) jump past $65K triggered notable upsurges in the altcoin market. That saw Qtum (QTUM) recording impressive upticks, which saw it overpowering a falling wedge on the daily chart. The breakout suggests a potential end of a prolonged decline, indicating an upcoming bullish wave for QTUM.

The Qtum Foundation recently announced the deployment of 10,000 GPUs to power its new blockchain AI ecosystem. This strategic move marks a significant transition for Qtum, shifting its focus from cryptocurrency mining to artificial intelligence operations.