Cryptocurrency
Bitcoin Pokes Above $67K as Altcoins See Considerable Gains (Weekend Watch

The cryptocurrency market staged a massive recovery yesterday after starting the day very slow and even declining considerably. However, the buyers stepped in and pushed Bitcoin above $67K, while many altcoins are charting impressive returns.
Bitcoin Pokes Above $67K
Bitcoin’s price is up around 5% on the day, staging an impressive recovery after having declined to $63K earlier in yesterday’s morning trading session.
It was able to chart a local daily high at $67,400 on Bitstamp but has since then declined to where it currently trades at $66,600. This is still an impressive performance, and the bulls might be consolidating now in preparation for a new rally toward the $70K level.
When zoomed out on an hourly view, the price looks to have returned on an uptrend, and it is interesting to see if it will take Bitcoin to $70K, which seems to be the next important level.
Altcoins in a Sea of Green
It’s not just Bitcoin that’s charting impressive gains—it’s the entire market. As seen in the heatmap below, all of the large-cap altcoins are up considerably.
Some of the more notable performers include DOGE, which managed to chart an increase of around 7.3%, SOL – up almost 6%, AVAX – up 5.4%, NEAR – up more than 6%, and so forth.
SEI and ORDI are today’s top performers, up 18.5% and 16.4%, respectively. POPCAT and BONK are the memecoins that did best, up 16% and 13.2%.
It’s interesting to note that all of the top 100 cryptocurrencies by means of total capitalization are in the green, showcasing the strength of the market in the past 24 hours.
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Cryptocurrency charts by TradingView.
Cryptocurrency
On-Chain Data Signals ‘Buy the Dip’ as Bitcoin Hashrate Hits New Highs

Bitcoin (BTC) is down almost 7% from its all-time high (ATH), and on-chain signals are flashing a buying opportunity.
According to Darkfost, a pseudonymous analyst at the market intelligence platform CryptoQuant, this buy signal is coming from the Bitcoin Hash Ribbons indicator. This metric tracks the Bitcoin hashrate and is used to identify potential entry points during a market correction.
Is it Time to Buy the Dip?
The Hash Ribbon monitors Bitcoin mining activity and tells when miners are under stress or capitulating by comparing the 30-day and 60-day moving averages of the hashrate. Miner capitulation refers to a period when miners shut down their hardware and sell off their coin reserves to remain afloat because BTC has fallen below a certain price.
On most occasions, the capitulation coincides with the hashrate recovery. The hashrate metric tells how much computational power is required to solve complex math problems and approve transactions on the Bitcoin network. During this period of recovery, mining becomes more difficult.
Market experts say buying BTC during miner capitulation yields significant returns, and the best buy signals are seen during hashrate recoveries. Recently, Bitcoin’s hashrate has been reaching new highs, with the latest being 1.016 billion TH/S. The network’s mining difficulty also surged past 126 trillion during the last adjustment on May 30.
“We recently got a new buy signal from the Hash Ribbons indicator. This metric helps us assess the level of stress in the Bitcoin mining ecosystem. It’s not a big surprise considering that the hashrate has recently reached new all-time highs,” Darkfost stated.
Miners Are Selling Their BTC
Furthermore, the CryptoQuant analyst noted that the Hash Ribbon’s flashing a buy signal is a short-term negative. This is because miners selling their BTC to stay operational create long-term profitable opportunities.
Darkfost explained that the indicator has always been accurate except once, during the 2021 China mining ban event. Hence, the possibility of the metric being correct this time is high.
“Bottom line, this signal is telling you that buying the dip around here is a smart move,” he added.
The analysis comes as a solo BTC miner defied hashrate odds and beat mining giants to validate a block on the Bitcoin network, earning a reward worth over $330,000. Mining successes like this are extremely rare due to the high computational power required to approve transactions.
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Cryptocurrency
USD1 Stablecoin Goes Live on DWF Liquid Markets

[PRESS RELEASE – Dubai, UAE, June 5th, 2025]
The next-generation web3 investor and market maker DWF Labs has announced that the USD1 stablecoin has gone live on DWF Liquid Markets. Its introduction means that more than 1,000 counterparties can access USD1 via DWF’s institutional-grade trading solution.
Developed by World Liberty Financial, USD1 operates as a fiat-backed stablecoin for institutional and retail traders. Custodied by BitGo, USD1 is fully backed by short-term US government treasuries, US dollar deposits, and other cash equivalents.
USD1 will form a cornerstone of DWF Liquid Markets which supports instant OTC trades using a request for quote (RFQ) model. This enables traders to tap into competitive price quotes and execute OTC trades privately with no market impact. Characterized by deep liquidity and 24/7 access, DWF Liquid Markets is optimized for facilitating large trades of leading crypto assets.
Andrei Grachev, Managing Partner at DWF Labs, said: “Stablecoin diversity is integral to supporting a robust trading ecosystem that isn’t reliant on any single dollar-based asset. The launch of USD1 on DWF Liquid Markers supports this goal, giving professional traders access to a versatile and transparent stablecoin that can serve as a base pair for all their trading activity.”
The introduction of USD1 on DWF Liquid Markets will significantly expand access to the institutional-friendly stablecoin which is fully backed by a reserve portfolio audited regularly by a leading accounting firm.
Initially launched on Ethereum and Binance Smart Chain, USD1 will eventually expand to other protocols in the future. Each token is designed to maintain a value of $1 USD and is fully backed by a reserve portfolio audited regularly by a third-party accounting firm.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
Learn more: https://www.dwf-labs.com/
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Cryptocurrency
Bitcoin (BTC) Sees Highest Wallet Growth and Circulation Spikes of 2025

Bitcoin climbed to a fresh peak in May, but upward momentum slowed as long-term holders began locking in profits. Its price has remained relatively stable this week, fluctuating within a narrow range of $103,000 to $106,000.
At the time of writing, the crypto asset trades below $105,000, which represents a minor decline over the past day. Despite the subdued price action, Bitcoin is seeing an increased user participation.
Strong BTC Network Growth
Bitcoin’s on-chain activity has spiked sharply this week, according to the latest analysis from Santiment. On May 29, the network registered 556,830 newly created wallets – the highest daily total since December 2, 2023, representing a significant surge in user growth.
Just days later, on June 2, Bitcoin saw its most active circulation day since December 8, 2024, with 241,360 BTC moved. These activity spikes coincide with Bitcoin’s price trading just below $105,000.
Santiment noted that rising network growth and token circulation are typically bullish indicators, pointing to a renewed interest and broader utility at a time when the crypto market continues to consolidate.
The latest activity comes as Bitcoin sees renewed bullish accumulation, with new whales, wallets holding 1,000+ BTC with coins aged under six months, doubling their holdings to 1.1 million BTC since March. This 600K BTC surge, which is around $63 billion, now represents 5.6% of the total supply, indicating intensified fresh capital inflows.
Unlike long-held coins, these recent buys suggest increased investor conviction. Combined with a 30% drop in exchange balances and increasing institutional adoption, market experts view this behavior as a setup for a supply squeeze.
While increased network activity and accumulation trends paint a strong demand-side picture, miner-focused metrics are now offering additional insights into the current market setup.
Bitcoin Hash Ribbons Flash Rare Buy Signal
Bitcoin’s Hash Ribbons indicator has issued a new buy signal, highlighting stress within the mining sector. The tool monitors the 30-day and 60-day hashrate moving averages to detect periods when mining becomes less profitable.
Such stress often forces miners to sell their BTC, adding short-term selling pressure. However, this has historically reflected attractive buying opportunities for long-term investors. Given Bitcoin’s hash rate has recently hit all-time highs, the emergence of this signal suggests the current market dip may be worth buying.
It’s important to note that, aside from 2021’s mining ban in China, this indicator has proven consistently reliable in identifying solid entry points.
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