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Coin Telegraph

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Image Credit: Coin Telegraph

Why is the crypto market down today?

  • 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.

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