According to Santiment, Bitcoin's on-chain activity has sharply increased this week, with 556,830 new BTC wallets created on May 29, marking the highest level since December 2, 2023. Additionally, on June 2, 241,360 coins were circulated, the highest since December 8, 2024 (Source: Santiment, June 5, 2025). This rise in both new wallet creation and active coin circulation indicates heightened trader engagement and potential for increased price volatility, making this a critical period for short-term trading strategies. These metrics often correlate with liquidity influxes, which can present both buying and selling opportunities for active traders, especially as BTC price hovers just below the $105K resistance level.

According to @StockMKTNewz, the US government will stop putting new pennies into circulation by early next year, as reported by The Wall Street Journal. Businesses will begin rounding cash transactions to the nearest 5 cents. This shift highlights a move toward digital payments and could accelerate cryptocurrency adoption, as consumers and merchants seek more efficient, precise transaction methods. The reduction in coin circulation may also encourage digital currency innovation and support the broader trend of cashless transactions in the US economy. Source: WSJ via @StockMKTNewz.