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2 Jun 2026, 18:16
The Surprising Disconnect Between Bitcoin’s Price and Network Activity
Bitcoin’s on-chain activity remains well below the levels seen during the peak of the 2021 bull market. In May 2021, the network averaged roughly 1.12 million active addresses per day and nearly 489,000 newly created wallets daily. Today, those figures have dropped to around 624,000 active addresses and 278,000 new wallets per day. Compared to the 2021 bull market peak, these figures are down by roughly 44% and 43%, respectively, according to Santiment. Fewer Wallets, Fewer Transactions Active addresses are commonly used to measure how many unique participants are transacting on the network, while network growth tracks the creation of new addresses interacting with Bitcoin for the first time. Based on these metrics, Santiment said Bitcoin is attracting fewer new participants and generating less day-to-day transactional activity than it did during the height of retail-driven enthusiasm five years ago. The decline has occurred even as BTC’s price has remained well above its 2021 levels for much of the current market cycle. Santiment explained that one factor behind the trend could be the increasing role of spot Bitcoin ETFs and other institutional investment vehicles, which allow investors to gain exposure to the asset without moving coins on-chain or creating new wallets. The firm also noted that many long-term holders have become increasingly passive, choosing to store their BTC rather than transact frequently. As a result, the network remains highly valuable but is less active than it was during the retail-fueled rally of 2021. However, Santiment said the slowdown in activity should not automatically be viewed as a bearish signal. Strong price swings have historically encouraged more activity on the Bitcoin network. This time, the decline appears to be linked to a lack of major price movement, as well as growing interest from investors in traditional markets such as equities and gold. Attention Returns Despite Weak Activity Investor attention in the broader crypto market has begun to recover. May witnessed a renewed focus on digital assets, with discussions surrounding Bitcoin rising by roughly 24% compared to April. According to Santiment, the increase indicates that traders are once again positioning for opportunities in the crypto market, even as capital deployment remains selective and broader participation is still weak. At the same time, the firm observed a growing shift of investor attention toward traditional equities. Strong performances from technology, artificial intelligence (AI), semiconductor, and defense stocks have encouraged many traders to diversify beyond crypto, while discussions around stocks and ETFs have become increasingly common within crypto-focused communities. Regulatory developments also remained a major point of interest. Santiment noted that optimism surrounding the CLARITY Act continued to build throughout May, as market participants anticipated long-awaited regulatory guidance for digital assets in the United States. However, repeated delays and procedural hurdles left the legislation unresolved by month-end, which turned some of the initial optimism into frustration. Meanwhile, Strategy remained one of the most closely watched Bitcoin-related companies. The firm’s disclosure of a 32 BTC sale – the first publicly reported Bitcoin sale in its history – sparked debate over whether its long-standing “never sell” philosophy is evolving. But the sale appears tied to managing preferred stock obligations rather than a change in Strategy’s Bitcoin approach. The company still holds 843,706 BTC. The post The Surprising Disconnect Between Bitcoin’s Price and Network Activity appeared first on CryptoPotato .
2 Jun 2026, 18:15
0xPPL, Pingu announce shutdown plans as crypto winter persists
Pingu Exchange (PINGU) announced its closure date as July 31 and was quickly joined by 0xPPL, which also announced that it would be ending all operations at the end of June. The development adds to the growing list of projects shutting down in the crypto ecosystem. The news reveals a growing pattern in the industry where more and more projects that had real users, real activity, and real investors find it hard to pull through the market, eventually closing up shop as prices continue to spiral. Pingu’s failed gamble The fall of Pingu Exchange is a reminder of the harsh realities of migrating to a different chain. The platform launched in January 2024 on Arbitrum with around $270,000 in capital and was gaining ground in the ecosystem, generating $2.4 billion in trades over 18 months with around $650,000 in ETH and USDC shared to stakers. Following the success, the team decided to pivot to the Monad mainnet, betting its treasury funds on the growth of the new chain. This move didn’t pay off, and in six months, trading volume had dropped to $80 million, compared to the $2.4 billion it did while on Arbitrum. Additionally, total funds on the platform dropped to $59,781 and were generating only $71 in fees daily, according to DefiLlama . By June, the protocol had nothing left to work with. Following its closure, the team will distribute the remaining 64.46 ETH in its treasury to users who bought and held on to the PINGU token on Arbitrum in 2024. On the other hand, the team’s share of the total token supply will not be used to claim any ETH, allowing PINGU token holders to get a better payout. 0xPPL ceases operations after four years 0xPPL’s shutdown is a lot harder to understand, as the project had sufficient backing, making this difficult to categorize as a small team losing steam. The project launched in August 2024 with notable projects like Alliance DAO, Anagram, and Peak XV Partners backing them up. On top of that, they also had popular crypto figures like Anatoly Yakovenko and Balaji Srinivasan backing the project. Sadly, all that was not enough as the project shut down all trading operations on June 6, and the app completely goes offline on June 30, 2026. Following this announcement, the team has also urged users to move all funds out and not wait for the last minute. Projects are losing steam amid extended winter Bitcoin currently sits below the $69,000 mark on CoinMarketCap , down 5.1% in the past hour and down 12% over the past week. Additionally, Ethereum also sits at $1,912 and has suffered a drop of 2.5% at the time of writing. The effect of these numbers on the broader industry is telling as Consensys , Grayscale, Kraken, and Ledger have all delayed going public this year. Currently, the only crypto company that has completed its stock listing in 2026 remains BitGo, which raised around $213 million in January 2026, and now trades 36% below its initial price listing. These numbers and the effects on the market leave smaller projects with little to no options, especially as they do not have any stock market options to fall back on. So whenever their trading volume drops and token prices fall, they usually run out of money and can only look to retreat from the market. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
2 Jun 2026, 18:15
AUD/USD Rises as US Job Openings Data Surprises Markets
BitcoinWorld AUD/USD Rises as US Job Openings Data Surprises Markets The Australian dollar strengthened against the US dollar on Tuesday, defying expectations as the latest US JOLTS job openings report surged to a two-year high. The data, which showed a robust labor market, initially boosted the greenback, but the Australian dollar quickly reversed losses to trade higher, highlighting a complex market reaction. Market Reaction to JOLTS Data The Bureau of Labor Statistics reported that job openings rose to 8.74 million in February, exceeding the consensus estimate of 8.75 million and marking the highest level since early 2023. While a strong labor market typically supports the US dollar by reinforcing expectations of tighter monetary policy, the AUD/USD pair climbed to 0.6540, up 0.3% on the day. Analysts attributed the move to a combination of profit-taking and a broader risk-on sentiment that favored higher-yielding currencies like the Australian dollar. Why the Australian Dollar Gained Several factors contributed to the Australian dollar’s resilience. First, the JOLTS data, while strong, did not significantly alter market pricing for the Federal Reserve’s next move. The CME FedWatch Tool continues to show a near-70% probability of a rate cut in September, suggesting that traders view the labor market strength as a lagging indicator. Second, commodity prices, particularly iron ore, stabilized after recent declines, providing underlying support for the Australian dollar. Third, the Reserve Bank of Australia’s hawkish stance, maintaining the cash rate at 4.35%, continues to attract yield-seeking capital. Implications for Traders The AUD/USD pair’s ability to hold above the 0.6500 level is a positive technical signal for bulls. The next resistance level is at 0.6570, followed by 0.6600. On the downside, support lies at 0.6480. Traders are now focused on Friday’s US non-farm payrolls report, which will provide a more comprehensive picture of the labor market. A weaker-than-expected payrolls number could further fuel the Australian dollar’s rally, while a strong report may reverse Tuesday’s gains. Conclusion The Australian dollar’s unexpected strength against the US dollar following a hot JOLTS report underscores the nuanced nature of current currency markets. While the US labor market remains tight, the market’s focus is shifting toward the timing of Federal Reserve rate cuts, which is creating opportunities for currencies like the AUD. The coming days, particularly with the NFP release, will be critical in determining the pair’s near-term trajectory. FAQs Q1: What is JOLTS data and why does it matter for currencies? JOLTS (Job Openings and Labor Turnover Survey) measures job vacancies in the US. It is a key indicator of labor market tightness. Higher job openings can signal a strong economy, potentially leading to higher interest rates and a stronger US dollar. However, market reactions can be complex, as seen in this instance. Q2: Why did the Australian dollar rise despite strong US data? The Australian dollar rose due to a combination of factors: the market had already priced in strong data, profit-taking on short AUD positions, a stable commodity price outlook, and the Reserve Bank of Australia’s relatively hawkish monetary policy stance compared to the Fed. Q3: What should traders watch next for AUD/USD? Traders should monitor the upcoming US non-farm payrolls (NFP) report for a clearer signal on the labor market. Additionally, any shifts in commodity prices, particularly iron ore, and any new commentary from the RBA or Fed will be key drivers for the pair. This post AUD/USD Rises as US Job Openings Data Surprises Markets first appeared on BitcoinWorld .
2 Jun 2026, 18:02
XRP Is Back in a Zone Seen Only 4 Times In 13 Years
XRP has returned to a technical zone that has appeared only four times in its 13-year trading history. Crypto cycle researcher Cryptollica (@Cryptollica) highlighted a rare setup on XRP’s monthly chart, pointing to a deep reset in the Relative Strength Index (RSI) that previously coincided with major cycle turning points. The analyst stated that XRP’s monthly RSI has reached a level it has visited just four times since 2013. He wrote, “The first three mattered. Now the fourth one is here,” while emphasizing that the signal appeared near significant market reset periods in the past. XRP IS BACK IN A ZONE IT HAS ONLY SEEN 4 TIMES IN 13 YEARS Monthly RSI has reached this deep reset zone only four times in XRP’s entire market history. The previous three were not normal pullbacks. They appeared near major cycle reset zones. This is not a fan club. Four… pic.twitter.com/481Nr4ifaN — Cryptollica (@Cryptollica) June 1, 2026 XRP Revisits a Long-Term RSI Extreme The chart shows XRP on the monthly timeframe alongside a monthly RSI indicator. According to the analysis, the current reading marks the fourth occasion that XRP’s RSI has entered what Cryptollica describes as a deep reset zone . The previous instances occurred around major cycle lows and consolidation. Each was followed by extended recoveries that eventually led to substantial price appreciation. The first occurred in 2017 before XRP’s historic rally. The second was in 2020, before the asset rose to $1.96 in 2021. Following that, XRP experienced another reset in 2022, giving way to a 500% surge at the end of 2024. The RSI has now fallen to roughly 42, placing it back near the same region that marked prior cycle resets. Cryptollica summarized the rarity of the setup by stating, “Four oversold monthly resets in 13 years.” XRP: Long-Term Structure Remains Intact Beyond the RSI signal, the chart also highlights XRP trading within a large multi-year ascending channel . Since the major breakout in late 2017, its price has largely respected the channel’s boundaries through multiple market cycles. The current pullback has brought XRP back toward the lower portion of that long-term structure. This support area has held during previous corrections. Several green markers on the chart identify historical support touches, while red markers highlight major swing highs. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP currently sits between those zones after retreating from its mid-2025 peak . The chart projects a potential move higher if the broader channel structure holds. What the Chart Suggests Next From a technical perspective, traders will likely watch two key factors in the months ahead. The first is whether the monthly RSI begins turning higher from its current reset zone. Previous visits to this region preceded extended recovery phases, making it a closely watched signal. The second is XRP’s position within its long-term ascending channel. Holding above the lower trendline could keep the broader uptrend intact and support another move toward the channel’s upper regions. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Is Back in a Zone Seen Only 4 Times In 13 Years appeared first on Times Tabloid .
2 Jun 2026, 18:00
The Last Time Ethereum Did This Against Bitcoin, It Exploded Above $4,000
Ethereum is back at a point on its Bitcoin pair where the price action has always started to ask a dangerous question: is ETH still weak, or is it being priced for another rotation? A new ETH/BTC chart shared by crypto analyst BLADE shows Ethereum falling through 14 straight lower closes against Bitcoin, taking the pair below the same relative strength zone during its February low. The setup matters because the last visit to that area came at a moment of heavy pessimism around Ethereum. A few weeks later, ETH began to outperform Bitcoin, and the move eventually carried Ethereum above $2,450. Ethereum Returns To The Same ETH/BTC Buy Zone BLADE’s analysis focuses on the Ethereum/Bitcoin pair, where ETH has moved into a clear short-term breakdown against BTC after weeks of steady underperformance. The pair was trading above 0.0313 in April, but that level gave way as sellers continued to pressure Ethereum relative to Bitcoin. Related Reading: The Mistake Investors Are Making About Ethereum That Could Cost Them Money; Analyst By May, ETH/BTC had fallen below 0.027 after recording 14 consecutive lower closes, dragging it to its lowest level since July 2025. That decline means that the Ethereum price has not only been falling in dollar terms or struggling with the broader crypto market but has also been losing ground directly against Bitcoin. However, the most recent red candle on the ETH/BTC pair turned out to be a doji candlestick, which is the ultimate candlestick of indecision. The current candlestick is still green, and the Ethereum price is now in a position of outperforming the Bitcoin price. Interestingly, the deeper point in BLADE’s analysis is where the decline has brought the pair. The ETH/BTC RSI has returned to the same support zone that appeared around the February low, near the lower 30s on the indicator. That zone is highlighted on the chart below as the area where momentum became stretched enough in February for Ethereum to begin recovering against Bitcoin. What’s Next For Ethereum? At the time of writing, the ETH/BTC pair is trading at 0.02835, which is about 35% below its August 2025 high of 0.0434. This was the last time the Ethereum price was in a period of peak outperformance against Bitcoin, and it led to a breakout above $4,000 and its current all-time high of $4,946. Related Reading: Can Ethereum Stage The Biggest Comeback In History? Why Price Could Double Ethereum’s current setup is not identical to August 2025, but the rhythm is similar enough. The pair has returned to the same momentum support area, and the lower-close sequence has become stretched. The pair now needs to stop printing lower closes and reclaim the breakdown zone, and Ethereum starts seeing more inflows compared to Bitcoin, especially as BTC has now broken below $70,000 in the past 24 hours. However, Ethereum has not been immune to the broader market weakness either, with ETH also falling below $2,000 in the past 24 hours. Featured image from Freepik, chart from Tradingview.com
2 Jun 2026, 17:59
XRP Price Prediction: $1.28 Turns into Robust Resistance with Bulls Forced to Roll Up Their Sleeves
XRP at a Crossroads: $1.21 Support Holds as $1.28 Becomes the Next Big Test XRP is at a pivotal technical squeeze, with price action compressed between well-defined support and resistance levels that are now dictating short-term direction. According to market analyst EGRAG CRYPTO, $1.28 has flipped into a daily resistance zone after repeated rejections, marking a clear shift in momentum as former support now acts as overhead supply. On the downside, $1.21 remains the key structural floor. Buyers have consistently defended this level, keeping the broader setup intact despite fading momentum. As long as it holds, XRP remains in a controlled consolidation phase rather than a breakdown structure. Nevertheless, a decisive loss of $1.21 would change the tone of the market, opening a lower liquidity pocket with $1.11 as the first major downside target, followed by thinner historical demand zones where price could accelerate more freely. Currently, XRP is trading at $1.24 per CoinCodex, sitting squarely between these two boundaries. This mid-range positioning reflects a compression zone where volatility is building quietly beneath the surface, awaiting a catalyst for expansion. Is XRP at a Tipping Point as Weak Volume Signals Compression? Volume adds another layer to the XRP setup. Activity is still below its moving average, signaling weak participation and the absence of conviction from both buyers and sellers. In practical terms, there has been no liquidity sweep or capitulation event, just a low-energy standoff where price drifts without strong directional commitment. For upside momentum to regain control, XRP first needs to reclaim $1.28 with a clean break and sustained hold. Above that, $1.35 becomes the next confirmation level, while $1.51 would signal a broader structural shift toward a renewed uptrend. On the macro narrative side, engineer and banking systems expert CharuSan has suggested that long-term XRP valuation scenarios, including projections such as $300, are tied not to retail speculation but to potential integration within global banking infrastructure under full regulatory clarity and deep liquidity adoption. Meanwhile, flow data presents a distinctive divergence from broader market weakness. While Bitcoin and Ethereum saw nearly $1.5 billion in combined weekly outflows, XRP recorded $20.3 million in inflows, hinting at relative resilience and selective accumulation during a risk-off environment. What’s next? XRP remains in a tightly coiled decision zone. Holding $1.21 preserves the consolidation structure, losing it exposes deeper downside risk, and reclaiming $1.28 would be the first clear signal of shifting momentum back toward buyers. Until volume expands meaningfully, the market is likely to remain locked in this compression phase, waiting for resolution.
