BTC, ETH prices drop even as futures show growing taste for risk. XLM, HYPE gain: Crypto Markets Today
Crypto markets opened June under pressure as rising U.S.-Iran tensions weighed on risk assets. The CoinDesk 20 Index fell about 2%, with bitcoin and ether each down roughly 1%. Bitcoin traded near $72,700, marking a sixth down day in seven and extending a weak stretch after a 3.5% drop in May. Spot bitcoin ETFs also remained under pressure, posting a record 10 straight days of net outflows totaling $2.97 billion. DeFi tokens were among the worst performers, with the CoinDesk DeFi Select Index down 2.6% and all six constituents lower. ONDO fell 2.8% and is down 17% since the death of its founder last week. Hyperliquid’s HYPE bucked the trend, rising 1.26% after a five-day rally to a record high, helped by inflows into newly launched HYPE-based ETFs. U.S. stock futures were slightly higher.
