The crypto market cap fell 2.60% to $3.34 trillion on May 30 due to stalled US-China trade talks.Over $683.4 million in crypto futures were liquidated, intensifying selling pressure, with $617.85M in longs liquidated.Total crypto market cap risks falling to $3.1 trillion after breaking below a descending parallel channel.Bitcoin and Ether led losses, triggering panic selling, with the market showing weakening technicals warning of further downside.