Bitcoin, ether start June in the red while futures show taste for risk. XLM, HYPE gain
Hex37's read
- Bitcoin and Ether started June with price declines.
- May saw negative returns for BTC and ETH, which is unusual.
- U.S. equity index futures showed an increased appetite for risk.
- XLM and HYPE cryptocurrencies experienced gains.
What it means for traders
- Despite BTC/ETH weakness, rising equity futures suggest broader market risk-on sentiment.
- Consider potential for altcoin outperformance if risk appetite persists despite major crypto dips.
Affected markets
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