Trump Media posted a $238 million loss as falling crypto prices battered its Bitcoin holdings
The Truth Social parent recorded $360.6 million in losses on digital assets in the first half of 2026 as Bitcoin prices declined
Bitcoin is currently trading at $63,529, reflecting a 46.5% decline over the past year. In contrast, the WisdomTree Quantum Computing ETF has seen a 28.3% increase year-to-date. This suggests that the basket approach to quantum computing may be outperforming Bitcoin's current downward trend. Both the daily, weekly, and monthly charts for Bitcoin show strong sell signals, with the weekly RSI at 39.3 and the monthly RSI at 43.5, both indicating a sell position. The weekly MACD stands at -6,015, highlighting sustained downward momentum.
Geopolitical tensions and recent sales by Strategy Inc. have contributed to Bitcoin's recent sell-off, with the cryptocurrency breaking below $64,000 on August 11, 2026. Ethereum and Solana are also suffering, losing 55-57% of their value over the past year and facing 37-40% year-to-date losses. The quantum computing theme, while still in its early stages, is currently showing stronger relative performance.
The WisdomTree Quantum Computing Fund (WQTM) has gained 25.2% over six months and 28.3% year-to-date, contrasting with Bitcoin's losses.
The WisdomTree Quantum Computing Fund (WQTM) is comprised of 53 stocks, with 83% of the holdings in the tech sector. Top holdings include pure-play quantum companies like Quantinuum, Rigetti, D-Wave, and IonQ, alongside major tech giants such as Microsoft and IBM, which are investing in quantum capabilities. Companies like Horizon Quantum Computing are pre-revenue, generating venture-capital-style risk.
Bitcoin's technical picture remains weak across all timeframes. The 52-week trading range is $57,877–$126,110, with a 50%+ drawdown routine. Quantum computing's primary risk lies in technology, not regulatory uncertainty. Unlike Bitcoin's 24/7 trading and lower fees, quantum computing faces technology risk and a question of when and who will win. While quantum computing offers a more structured speculation over a 10+ year horizon, Bitcoin's simplicity and liquidity make it easier to trade tactically in the short term.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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