Bitcoin, ether start June in the red while futures show taste for risk.
XLM, HYPE gain Bitcoin and ether fell Monday after dropping in May, a month that usually sees them post positive returns
U.S. equity index futures rose. What to know: – Crypto markets opened June lower as tensions between the U.S. and Iran weighed on sentiment. – Following spot bitcoin ETFs’ record 10 straight days of net outflows totaling $2.97 billion, derivatives data show mildly bullish positioning and steady open interest, suggesting institutional risk appetite is stabilizing. – Stellar’s XLM surged more than 40% after DTCC chose its network for a tokenized securities platform rollout, signaling a pivotal role for the public blockchain in Wall Street’s multichain tokenization strategy. June kicked off in the red for crypto markets as the U.S. and Iran exchanged fire and peace talks failed to translate into reduced tensions in the region.
The CoinDesk 20 Index (CD20) fell 2% since midnight UTC, with bitcoin At $72,700, bitcoin is currently negative for a sixth time in seven days, following a 3.5% slide last month, usually a period with positive returns. It averages a 7.4% rise in May, according to Coinglass data. A record 10 days of net withdrawals from spot bitcoin exchange-traded funds (ETFs) saw $2.97 billion leave the investment vehicles.