Qtum (QTUM) is a cryptocurrency . Qtum has a current supply of 107,822,406 with 105,583,799 in circulation. The last known price of Qtum is 1.91518482 USD and is down -1.21 over the last 24 hours. It is currently trading on 281 active market(s) with $39,035,903.82 traded over the last 24 hours. More information can be found at https://qtum.org/.
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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.
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.