The cryptocurrency market is down today due to renewed fears over stalled US-China trade talks, significant long liquidations, and a weak technical structure.
Key points:
The total crypto market cap fell 2.60% to $3.34 trillion on May 30, fueled by stalled US-China trade talks.
Over $683.4 million in crypto futures liquidated, with $617.85M in longs reinforcing the intensity of the selling pressure.
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