Bitcoin slips below $83,000 as Ethereum researcher’s ‘bunker mode’ call divides crypto
Justin Drake’s call to prepare for an AI break of wallet cryptography drew a mixed response as bitcoin slipped below $83,000.
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Summary
- Bitcoin dipped to about $82,300 before recovering to around $82,800, roughly 4% below Tuesday’s high near $86,600.
- Ethereum Foundation researcher Justin Drake urged the industry to prepare for “bunker mode” in case AI-driven math breaks wallet cryptography, while Vitalik Buterin said the risk is real, but holders shouldn’t scramble.
- The 30-year Treasury yield rose to 5.71% ahead of a $22 billion auction, after Fed minutes showed most officials expect another interest-rate increase by year-end.
