Daily Crypto Digest From June 4, 2026
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Crypto
June 4, 2026
Outlier01CRYPTO
Zcash rallies 12% on emergency network upgrade amid broad crypto sell-off
- Zcash rose 11.98% on June 2 to close at $608.71, outperforming a heavily depressed market following an emergency network upgrade.
- The rally was backed by a 53% increase in daily trading volume, which reached 1.82 million units compared to 1.19 million on June 1.
- The positive momentum follows the Zcash team's swift response to a critical bug in the Orchard shielded pool, which was isolated and patched without exploitation.
Anomaly02CRYPTO
Celestia slides to 90-day low after eight consecutive days of losses
- Celestia fell 10.09% on June 2 to close at $0.3592, marking its eighth consecutive day of price declines.
- The extended slide has erased over 24% of Celestia's value since May 25, pushing the token to a new 90-day low.
- The persistent downward trend follows a period of sustained institutional selling pressure in the broader crypto market.
Divergence03CRYPTO
Ondo surges 9% on doubling volume amid market-wide slide
- Ondo rose 9.29% on June 2 to close at $0.3856, breaking a multi-day decline and defying a broader market capitulation.
- Trading volume for the RWA (real-world asset) tokenization protocol doubled to 1.03 billion units, indicating strong buying interest at lower levels.
- This divergence highlights selective token rotation, with Ondo recovering to within 15% of its 90-day high while other major altcoins hit multi-month bottoms.
Outlier04CRYPTO
DeepBook drops 16% to 90-day low amid market-wide June 2 sell-off
- DeepBook fell 16.30% on June 2 to close at $0.0233, coinciding with a market-wide sell-off affecting major crypto assets.
- The drop was accompanied by a sharp spike in trading volume, which rose to 324.2 million units, reflecting elevated market-wide liquidation activity.
- This latest plunge extends DeepBook's weekly losses to 25.1%, highlighting selling pressure on the DeFi protocol's native token during a period of broad crypto weakness.
Trend Shift05CRYPTO
Bittensor slides 10% to hit new 90-day low close
- Bittensor dropped 10.66% on June 2 to close at $225.36, breaking below previous support levels to hit a new 90-day low.
- The decentralized AI token has suffered from persistent selling pressure, losing 18.8% of its value over the past week.
- The decline coincides with sector-wide altcoin rotation and macro headwinds, as broader crypto markets face pressure from elevated energy prices and Fed messaging uncertainty.
Trend Shift06CRYPTO
Avalanche plunges to 90-day low as selling pressure intensifies
- Avalanche dropped 8.40% on June 2 to close at $8.16, breaking below its previous multi-month support to hit a new 90-day low.
- The decline was part of a broader market capitulation, but Avalanche's drop is particularly notable as it has now shed 10.5% over the last week.
- This breakdown below $8.50 signals a shift in momentum for the smart contract platform, which had previously held above its March bottoms.
Trend Shift07CRYPTO
Chainlink drops to 90-day low in market-wide sell-off
- Chainlink fell 7.53% on June 2 to close at $8.35, setting a new 90-day low close.
- The drop occurred on elevated trading volume of 30.68 million units, indicating accelerated selling as key support levels were breached.
- This represents a 10.8% decline over the past week, highlighting the persistent weakness in decentralized oracle tokens amid the broader altcoin retreat.