Quantum computing could enable the reverse engineering of private keys from publicly exposed ones, putting the security of Bitcoin holders at risk.

Quantum computers could bring lost Bitcoin back to life: Here’s how

Long‑term holders of Bitcoin may need to see a fresh high around $140,000 
before they enjoy the same kind of profits they saw earlier this cycle. 
Related Reading: Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T 
Spending Bill According to CryptoQuant, that price point lines up with past 
peaks in realized gains for those who have kept their coins untouched for at 
least six months. &#8216;Market Magnet&#8217; Theory CryptoQuant used the Market Value to 
Realized Value (MVRV) ratio to track how deep in profit holders are right now. 
Based on reports, the average realized profit for long‑term holders stands at 
about 220%. That sounds healthy. But in March and December 2024, holders were 
sitting on roughly 300% and 350% gains, respectively. The gap between today’s 
220% and those earlier highs is what Darkfost, a CryptoQuant contributor, 
calls a form of “market magnet.” Many are calling for $140,000 BTC so that 
unrealized profits match the cycle’s top levels. Profit‑Taking Trends 
Long‑term investors have been selling as Bitcoin flirts with new highs. Recent 
data shows that these holders have driven much of the selling pressure in the 
past few weeks. The average cost basis for this group — the realized price — 
is near $33,800. That means anyone buying before six months ago would need 
Bitcoin to reach $33,800 just to break even. And to hit the profit levels of 
March and December 2024, BTC must climb to $140,000. This dynamic pushes some 
traders to lock in gains early, while others hold on for bigger moves. Super 
Majority Still In The Green Based on reports, a super majority of Bitcoin 
investors are sitting on unrealized profits worth a combined $2.5 trillion. 
That number reflects the overall strength of the market’s recent rally. Even 
so, many investors remain confident that fresh buying can soak up any waves of 
profit‑taking. The current phase feels like a pause. Buyers and sellers are 
sizing each other up. The question now is whether demand will pick up enough 
to drive that magnet‑level price. Related Reading: Insane Or Insightful? VC 
Firm Says XRP Could Reach Nearly $9,000 In Just 5 Years Cycle Outlook And Next 
Steps Analysts said that Bitcoin looks ready for a post‑breakout retest after 
breaking a multi‑week downtrend that began in mid‑May. They added that the 
bull run might only have several months left before a final surge and then a 
change in trend. If this view holds, that final push could be the moment when 
BTC nears or even hits $140,000. After that, history suggests a sharp peak and 
then a cool-down. Featured image from Imagen, chart from TradingView

Bitcoin Needs $140K To Match Peak Profits, On-Chain Data Shows

WhiteRock Finance founder Ildar Ilham was reportedly detained in the UAE more 
than a year after Dutch authorities announced an arrest linked to ZKasino.

WhiteRock founder to be extradited over $30M ZKasino case — ZachXBT

The summer heat is taking a toll on U.S.-based Bitcoin mining operations, with 
multiple public miners reporting lower realized hashrates in June due to 
curtailments to avoid high power costs and grid penalties. This article is 
from Theminermag, a trade publication for the cryptocurrency mining industry, 
focusing on the latest news and research on institutional […]

Summer Curtailments Slash Bitcoin Production for US Miners Amid Grid Pressures

Cardano price rose for the second consecutive day on Thursday, July 3, as most 
cryptocurrencies rebounded. Cardano (ADA) jumped to a high of $0.60, gaining 
over 17% from its June lows and reaching its highest level since June 18. The…

Red alert: Rising Cardano price has formed a risky pattern

Dogwifhat price rose for the second consecutive day as Bitcoin and most Solana 
meme coins jumped. Dogwifhat (WIF) token rose to around $0.92 on July 3, up by 
43% from its lowest level this week. Other top Solana (SOL) meme…