Bitcoin and ether decline in early June as futures signal risk appetite; XLM and HYPE buck the trend
By
@coindesk
8d ago· 10 min readenNews
100/100
Golden Brown
Bagelometer↗
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Score100TypenewsSentimentnegative
Summary
Bitcoin and ether started June in the red after a negative May, a month that historically sees positive returns for the leading cryptocurrencies. While crypto prices dropped, futures markets indicated a growing appetite for risk among traders. Stellar (XLM) and HYPE tokens posted gains amid the broader market downturn. U.S. equity index futures rose, suggesting a divergence between traditional markets and crypto performance.
Key quotes
· 3 pulledBitcoin and ether fell Monday after dropping in May, a month that usually sees them post positive returns.
U.S. equity index futures rose.
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.
