Google claims they achieved "landmark success" with quantum computers which could break the encryption protecting crypto currencies like bitcoin within the near future.
Google did not say anything like that in the second part of your phrase. All the news that I saw correctly indicated that they were solving only a task divorced from practice.
Even in the quote that you bring everything correctly.
No fake news and speculation. And nowhere in the crypto-forums this news was presented so much, but to those singles asked about effect on crypto, they clearly explained that this was not connected with crypto. At least not in the coming years. I did not see any significant interest in this news. Talked a bit and forgot.
And this has nothing to do with the fall.