The piece of news from google was a couple days ago, there's no connection between that and todays 'dip'. The price was going sideways for too long, expectations for Bakkt were too high, and we're seeing a large decrease in price following weeks of stability. We might go back to ~$10k but it may 'dip' again.
This excerpt from the article gives the false impression quantum computers will soon break the encryption, technologies like bitcoin are built upon.
"While our (quantum) processor takes about 200 seconds to sample one instance of the quantum circuit 1 million times, a state-of-the-art supercomputer would require approximately 10,000 years to perform the equivalent task," the researchers said.
Google's quantum computer, dubbed "Sycamore," contained 53-qubits, or "quantum bits," a measure of the machine's potential power. The team scaled back from a 72-qubit device, dubbed "Bristlecone," it had previously designed.
The researchers estimate that performing the same experiment on a Google Cloud server would take 50 trillion hourstoo long to be feasible. On the quantum processor, it took only 30 seconds, they said.
Keep in mind many large investors and holders of bitcoin lack technical backgrounds. They don't know this is fake news.
From an investment perspective, many will read the article and immediately dump crypto believing its security is in jeopardy.
News doesn't travel nor disseminate instantaneously. It can take days for the effects of news stories like this one to manifest. Crypto was not explicitly nor directly mentioned in the article and many could read it without making a connection for how it could potentially affect bitcoin markets.
Significant dips in bitcoin's price have always been correlated with fake news releases. Most notable was fake news about tether being "market manipulation". They investigated tether for more than a year and never found any evidence suggesting market manipulation was occurring.
It is very common for spikes in bitcoin's value to be followed by some form of news story designed to keep its price contained.