Invest ideasNews
10 Jun 2026, 02:45
Bitcoin Steadies Near $61K as ETF Outflows Top $2.97B, Strategy Sells BTC
Bitcoin News Bitcoin slid beneath the $60,000 threshold before steadying in a $62,000 to $63,000 band, trading near $61,100 on June 9 after a brutal week that erased roughly 10% of its value. Heigh...
10 Jun 2026, 02:45
Bitcoin Has Entered an Undervalued Range, Grayscale Research Suggests
BitcoinWorld Bitcoin Has Entered an Undervalued Range, Grayscale Research Suggests Bitcoin may have entered a zone that historically signals undervaluation, according to a new analysis from Grayscale Investments. Zach Pandl, the firm’s head of research, stated that on-chain valuation metrics now suggest BTC is trading at levels that have previously preceded periods of price recovery. However, he cautioned that the current discount is not as deep as the extremes seen at the bottom of prior market cycles. On-Chain Metrics Signal a Shift Pandl’s analysis focuses on key on-chain indicators such as the MVRV Z-Score and the realized price, which compare Bitcoin’s market value to its realized value. These metrics have historically identified periods when the asset was significantly overvalued or undervalued. According to Grayscale, the current readings place Bitcoin in a range that has historically offered favorable risk-reward profiles for long-term holders, though not at the ‘capitulation’ levels of 2018 or 2022. Why This Cycle May Be Different Pandl suggested that the current bear market could be milder than previous downturns. He attributed this to two primary factors: the relatively smaller gains of the last bull run, which may have prevented the formation of a massive speculative bubble, and an improved market structure. The expansion of spot Bitcoin ETFs in the United States and increased participation from institutional investors have provided a more resilient demand base, potentially softening the downside. Key Short-Term Variables to Watch Despite the optimistic long-term outlook, Pandl highlighted several near-term risks. The progress of the CLARITY Act, a piece of U.S. legislation aimed at providing clearer regulatory guidelines for digital assets, remains a critical variable. Additionally, the financial health of leveraged Bitcoin investors is under scrutiny. A wave of forced liquidations among over-leveraged positions could introduce temporary selling pressure, even within an otherwise undervalued market. Implications for Long-Term Investors For investors with a multi-year horizon, the current price level may represent a strategic opportunity. Pandl advised that staged accumulation, rather than a single large purchase, could be a prudent approach given the uncertainty around short-term catalysts. This strategy allows investors to average into a position while maintaining flexibility to react to market-moving events such as regulatory developments or macroeconomic shifts. Conclusion Grayscale’s analysis provides a data-driven perspective on Bitcoin’s current valuation, suggesting that while the asset is not at a generational bottom, it has entered a historically attractive range. The combination of on-chain signals, a maturing market structure, and evolving regulation makes this a pivotal moment for the asset class. However, investors should remain aware of the short-term risks posed by leverage and legislative uncertainty. FAQs Q1: What on-chain metrics did Grayscale use to determine Bitcoin is undervalued? Grayscale primarily used the MVRV Z-Score and realized price, which compare Bitcoin’s current market capitalization to its realized capitalization (the value of all coins at the price they last moved). These metrics have historically identified market tops and bottoms. Q2: Is this a good time to buy Bitcoin? Grayscale’s analysis suggests the current range may be favorable for long-term investors, but it is not as deeply undervalued as prior cycle bottoms. A staged accumulation strategy is recommended to manage short-term volatility and uncertainty. Q3: What is the CLARITY Act and why does it matter for Bitcoin? The CLARITY Act is proposed U.S. legislation designed to provide clearer regulatory guidelines for digital assets. Its passage could reduce legal uncertainty for institutions, potentially increasing investment demand. Delays or failure to pass could create headwinds for the market. This post Bitcoin Has Entered an Undervalued Range, Grayscale Research Suggests first appeared on BitcoinWorld .
10 Jun 2026, 02:40
Upbit Halts Zcash Withdrawals for Wallet Upgrade: What Traders Need to Know
BitcoinWorld Upbit Halts Zcash Withdrawals for Wallet Upgrade: What Traders Need to Know South Korea’s largest cryptocurrency exchange, Upbit, has announced a temporary suspension of Zcash (ZEC) withdrawals as it prepares for a scheduled wallet upgrade. The move, confirmed via the exchange’s official notice system, is a routine technical procedure aimed at enhancing the security and functionality of Zcash wallets on the platform. Details of the Suspension According to Upbit’s announcement, the withdrawal suspension began on [specific date, if available, otherwise state ‘recently’] and will remain in effect until the wallet upgrade is fully completed. The exchange has not provided an exact end time, advising users to monitor further notices for updates. Deposits of ZEC are expected to continue normally during the maintenance period. Why This Matters Wallet upgrades are standard practice for exchanges supporting privacy-focused cryptocurrencies like Zcash, which regularly implements network improvements. For traders holding ZEC on Upbit, the temporary halt means they cannot move their funds off the platform until the upgrade is finalized. This can be a concern for those looking to react quickly to market movements or transfer assets to private wallets. Impact on Zcash and the Market The suspension is isolated to Upbit and does not affect the broader Zcash network or other exchanges. However, given Upbit’s significant trading volume in the South Korean market, any service interruption can create localized price fluctuations or temporary arbitrage opportunities. Zcash’s price has historically shown resilience during such maintenance events, as upgrades are generally viewed as positive for network health. What Users Should Do Upbit users holding ZEC are advised to plan any withdrawal needs before future maintenance windows or wait for the upgrade to complete. The exchange typically restores full services within 24 to 48 hours for such updates. For the most current status, users should check Upbit’s official announcements or status page. Conclusion Upbit’s temporary suspension of Zcash withdrawals for a wallet upgrade is a routine but important technical measure. While it creates a short-term inconvenience for traders, it ultimately supports the security and reliability of the platform. Users should stay informed through official channels and plan accordingly. FAQs Q1: When will Zcash withdrawals resume on Upbit? Upbit has not given an exact time but typically completes wallet upgrades within 24 to 48 hours. Users should monitor the exchange’s official notices for updates. Q2: Can I still deposit Zcash during the suspension? Yes, deposits of Zcash are expected to remain available during the wallet upgrade. Only withdrawals are temporarily suspended. Q3: Does this affect Zcash on other exchanges? No. This suspension is specific to Upbit and does not impact the Zcash network or other trading platforms. This post Upbit Halts Zcash Withdrawals for Wallet Upgrade: What Traders Need to Know first appeared on BitcoinWorld .
10 Jun 2026, 02:30
BlackRock Warns Bitcoin And Ethereum Investors About Quantum Computing
BlackRock has entered the quantum-computing debate with a new report warning that future breakthroughs could eventually threaten the cryptography securing Bitcoin, Ethereum and much of the broader digital-asset market. The firm’s central message is not that blockchains face an immediate crisis, but that the industry needs to begin post-quantum migration before “Q-Day” becomes a live security event. The report , titled “Quantum Computing and Blockchains,” was authored by Will Su, Head of Digital Assets Research at BlackRock, Inish Crisson, Senior Software Engineer at Aladdin Digital Assets Lab, and Robert Mitchnick, BlackRock’s Head of Digital Assets. It frames quantum computing as both a cybersecurity risk and a potential test of blockchain governance, particularly for networks that rely on elliptic curve cryptography for transaction signatures. “Quantum computing has been the subject of growing attention in recent years, particularly due to its implications for blockchains and many other elements of modern cyber infrastructure,” the authors wrote. “In our view, quantum computing is likely to be a manageable risk for blockchains, subject to the industry’s ability to upgrade swiftly and proactively to post-quantum cryptography in the coming years.” Bitcoin And Ethereum’s Core Risk BlackRock stresses that no functional Cryptographically Relevant Quantum Computer, or CRQC, exists today. But it says timelines have shifted. The report notes that Google has moved its post-quantum migration deadline to 2029, while IBM is targeting large-scale fault-tolerant quantum computing between 2029 and 2033. The main issue is not Bitcoin’s proof-of-work engine. BlackRock says Bitcoin’s SHA-256 hash function is “largely considered quantum-resistant,” with Grover’s algorithm offering only a quadratic speedup that could be absorbed by Bitcoin’s difficulty adjustment. The more relevant attack surface is ownership: the digital signatures that prove control over coins. Bitcoin and Ethereum currently rely on elliptic curve cryptography for key ownership and transaction authorization. Classical computers would need millions to billions of years to break 256-bit ECC, according to the report. A sufficiently powerful quantum computer using Shor’s Algorithm could change that equation by turning private-key recovery into a more tractable mathematical problem. “The foundations of modern-day cryptography become challenged in the quantum world,” BlackRock wrote. “This is not because quantum computers run faster. Rather, QCs are particularly efficient at teasing out hidden patterns in large datasets by leveraging unique properties of quantum physics and employing quantum algorithms to solve classically infeasible problems like ECDLPs in as little as days to minutes.” Bitcoin’s Migration Is Simpler, But Coordination Is Hard For Bitcoin, BlackRock argues that the technical scope of a post-quantum upgrade is narrower than for many other systems because the core task is replacing a digital-signature algorithm. The harder problem is social coordination across a decentralized network that deliberately avoids rapid or centralized change. The report says nearly 7 million BTC, or roughly 35% of circulating supply, may be vulnerable to long-range quantum attacks because public keys have already been exposed. That figure includes 1.9 million BTC in address types that expose unhashed public keys and another 5 million BTC in reused addresses that have revealed public keys in previous transactions while still holding UTXOs. BlackRock also highlights the unresolved debate around inactive or lost coins. It cites Chainalysis estimates that 2.3 million to 3.7 million BTC, or 11% to 19% of circulating supply, may be permanently lost. That includes roughly 1.1 million BTC in P2PK addresses widely believed to belong to Satoshi Nakamoto . “In our view, PQ migration for cryptocurrencies is eminently addressable from a technical standpoint, and the key challenge is one of timely coordination and implementation,” the report said. “The end-to-end process to build consensus around PQC protocols and timing, implement upgrades on the blockchain, and perform orderly migrations across the ecosystem will likely be a multi-year endeavor.” Ethereum Has A Roadmap, But More Moving Parts Ethereum’s situation is different. BlackRock says the network has a more clearly defined migration path , guided by the Ethereum Foundation, but faces greater technical complexity due to its proof-of-stake architecture, smart-contract environment, data layer and application-layer zero-knowledge systems. The report cites four Ethereum vulnerability areas identified by Vitalik Buterin in early 2026: BLS signatures in the consensus layer, KZG proofs in the data layer, externally owned account signatures, and zero-knowledge proofs in the application layer. In simpler terms, validator voting, data verification, user transactions and app-level proofs all touch quantum-vulnerable cryptographic assumptions. BlackRock points to Ethereum’s “L1 Strawmap,” a draft sequence of seven network updates and hard forks between 2026 and 2029, five of which directly address quantum vulnerabilities. These include native account abstraction, post-quantum signature precompiles, post-quantum validator keys, hash-based consensus signatures and a longer-term shift from KZG commitments toward STARK-based verification. A Wall Of Worry For Crypto BlackRock’s conclusion is measured. The report does not present quantum computing as an imminent existential threat to Bitcoin or Ethereum. It argues instead that quantum risk is one of the few remaining “walls of worry” for digital assets, and that successful post-quantum migrations could strengthen the sector over time. “Global cybersecurity infrastructure stands at an important inflection point as quantum computing advances,” the authors wrote. “Digital assets including Bitcoin and Ethereum are technically positioned for migration; a harder problem is coordinating timelines and rolling out upgrades across decentralized networks in an orderly manner. That said, it is a much less daunting task to upgrade current cryptographic systems, including Bitcoin, Ethereum, and others, to a quantum-secure standard than it is to build a CRQC from where quantum computing progress stands today.” At press time, BTC traded at $62,629.
10 Jun 2026, 02:30
Bitcoin Flashes One Of Its Rarest Demand Signals In Six Years – Details
Bitcoin is holding above $62,000 after the massive drop that defined last week’s market action and erased months of recovery progress in a matter of days. The price is stabilizing — but analyst MorenoDV has published a demand analysis that places the current market conditions in a historical context that makes the stability feel considerably more fragile than the held price level suggests. Related Reading: XRP Just Printed A Rare Binance Signal As Market Volatility Accelerates Bitcoin demand has entered one of its most extreme contraction regimes since 2019. The 30-day growth of combined spot and perpetual futures demand has fallen toward -650,000 BTC — a threshold that has been reached only three times across the chart’s entire history. The rarity of the reading is the first signal that the current environment is not a routine demand slowdown but something structurally more severe. The architecture of the contraction is what makes MorenoDV’s analysis particularly significant. Spot demand and perpetual futures demand are contracting simultaneously — meaning the weakness is not isolated to speculative leverage unwinding. Organic buyers who would normally absorb declining prices through spot purchases and derivatives participants who express directional conviction through futures exposure are both withdrawing at the same time. The two demand streams that together provide Bitcoin’s marginal buying capacity are disappearing in parallel rather than one offsetting the other. What remains is a market with fewer buyers, less capacity to absorb selling pressure, and a demand structure that has only looked this extreme on three previous occasions in Bitcoin’s modern market history. Three Times in History and the Previous Two Were Not Bottoms Yet The MorenoDV analysis applies the historical framework that prevents the extreme demand contraction reading from being interpreted as automatic capitulation confirmation. The two previous occasions when combined demand fell toward the -650,000 BTC threshold carried specific and instructive implications that the current setup should be evaluated against. Bitcoin Spot and Perpetual Futures Demand Growth | Source: CryptoQuant The first breakdown toward this level occurred before the COVID crash — demand deterioration was already developing before the final liquidity shock arrived. The metric reaching extreme contraction was not the bottom. It was the early warning that preceded the actual capitulation event that followed weeks later. The 2022 bear market showed a similar distinction. Extreme demand contraction reflected deep structural deterioration rather than marking the floor. The subsequent interactions with higher support zones occurred as the market moved through its broader bottoming and rebuilding process — a prolonged sequence rather than a single decisive moment. The current setup therefore resembles the beginning of a final cleansing phase more than a confirmed reversal. MorenoDV identifies the most probable path as an initial expansion in volatility followed by what the analysis describes as price anesthesia — weak momentum, compressed activity, and prolonged sideways action that exhausts remaining participants without delivering the dramatic capitulation event that would provide psychological closure. That phase may prove more damaging than the sell-off itself. Sharp declines create fear but also resolve — they force decisions and clear positions. Extended sideways action at depressed levels erodes conviction gradually, tests patience beyond its limits, and tends to shake out holders who survived the initial drop but cannot endure the silence that follows it. Related Reading: Ethereum OG Nails The Crash: Sells $188M, Buys Back Lower Bitcoin Price Testing Critical Demand Bitcoin is attempting to stabilize above the $62,000 level after one of the sharpest selloffs of the cycle erased the May recovery and drove price back into a critical long-term support region. On the weekly chart, BTC is currently trading directly above the 100-week moving average (red line), which has acted as a major support level throughout previous corrective phases. The fact that buyers stepped in near this area suggests that long-term participants still view the zone as attractive despite the recent weakness. Bitcoin testing key demand level | Source: BTCUSDT chart on TradingView However, the broader technical structure remains fragile. The rejection from the $72,000–$74,000 resistance zone confirmed that previous support has now become resistance. Bitcoin failed to reclaim that range and subsequently broke below the consolidation area that held between March and May, triggering a rapid decline toward the current support region. Related Reading: Why Did Bitcoin Crash? On-Chain Data Points To One Missing Ingredient The key level to watch remains the $60,000–$63,000 region. Holding above it would preserve the possibility of a prolonged base formation. A decisive break below that zone could expose Bitcoin to a deeper retracement toward the mid-$50,000s. To regain momentum, bulls must reclaim the former support zone near $66,000 and eventually challenge resistance around $72,000. Until then, the trend remains defensive despite the recent bounce. Featured image from ChatGPT, chart from TradingView.com
10 Jun 2026, 02:25
British Pound Holds Below 1.3400 as Iran Tensions Rise, Traders Eye US CPI
BitcoinWorld British Pound Holds Below 1.3400 as Iran Tensions Rise, Traders Eye US CPI The British Pound (GBP) is trading in a tight range below the 1.3400 level against the US Dollar (USD) on Wednesday, as renewed geopolitical tensions in the Middle East and cautious positioning ahead of key US inflation data weigh on the currency pair. Geopolitical Risk Supports Safe-Haven USD Reports of heightened military activity near the Strait of Hormuz and fresh diplomatic friction between Iran and Western powers have pushed investors toward traditional safe-haven assets. The US Dollar has benefited from this risk-off sentiment, limiting GBP/USD’s upside despite relatively resilient UK economic data. Sterling had briefly touched the 1.3400 handle earlier this week but failed to sustain the breakout, as traders remain cautious about the Bank of England’s next policy move and the UK’s fiscal outlook. US CPI in Focus Market attention now shifts to the upcoming US Consumer Price Index (CPI) report, scheduled for release later today. Economists expect headline inflation to remain sticky, which could reinforce the Federal Reserve’s cautious stance on rate cuts. A hotter-than-expected reading would likely strengthen the USD further, pushing GBP/USD toward the 1.3300 support zone. Conversely, a softer CPI print could revive hopes for a Fed rate cut in the coming months, potentially allowing Sterling to reclaim the 1.3400 level and target the 1.3450 resistance area. Technical Outlook for GBP/USD From a technical perspective, GBP/USD is consolidating between the 20-day moving average near 1.3320 and the recent high of 1.3400. The pair is trading in a neutral zone, with the Relative Strength Index (RSI) hovering around 50, indicating indecision. A break above 1.3400 could open the door to the 1.3500 psychological level, while a drop below 1.3320 would expose the 1.3250 support. Why This Matters to Traders The combination of geopolitical risk and a major US data release creates a high-volatility environment for GBP/USD. For forex traders, the key question is whether the dollar’s safe-haven appeal will override inflation-driven policy expectations. For UK-based importers and exporters, any sustained move in the exchange rate directly affects input costs and competitiveness. Conclusion GBP/USD remains in a holding pattern below 1.3400 as the market digests geopolitical developments and awaits the US CPI report. The outcome of today’s data release will likely set the tone for the pair in the near term, with the potential for a breakout in either direction. Traders should remain cautious given the heightened uncertainty. FAQs Q1: Why is the US Dollar strengthening due to Iran tensions? Investors tend to buy the US Dollar during geopolitical crises because it is considered a safe-haven currency, meaning it retains value better than riskier assets during uncertainty. Q2: How does US CPI affect GBP/USD? US CPI measures inflation. Higher inflation may prompt the Federal Reserve to keep interest rates high, which supports the USD. Lower inflation could lead to rate cuts, weakening the USD and boosting GBP/USD. Q3: What is the key support level for GBP/USD right now? The immediate support level is around 1.3320 (20-day moving average). A break below that could lead to a test of 1.3250. This post British Pound Holds Below 1.3400 as Iran Tensions Rise, Traders Eye US CPI first appeared on BitcoinWorld .
