Your day-ahead look for June 1, 2026
By Francisco Rodrigues|Edited by Sheldon RebackUpdated Jun 1, 2026, 1:17 p.m. Published Jun 1, 2026, 11:15 a.m. 2 min readMake preferred on (sergeitokmakov/Pixabay)What to know:
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Bitcoin BTC$72,675.37 and many other prominent cryptocurrencies are currently facing downward pressure due to record outflows from U.S. spot bitcoin ETFs, rising inflation concerns linked to increasing oil prices, and softening retail demand, which have prevented digital currencies from benefiting from the AI-driven rally in traditional markets.
In the past 24 hours, BTC has decreased by approximately 1.4%, trading recently below $73,000, while ether has seen a 2.1% decline, settling at $1,980. The overall CoinDesk 20 (CD20) index has dropped by 2.38%.
This downturn follows an unprecedented 10-day streak of outflows totaling $2.97 billion from U.S. spot bitcoin ETFs, marking the longest withdrawal period on record. This includes a significant exit of a $1.2 billion position.
According to a note from Laser Digital’s derivatives trading desk, the crypto market “sold off through last week without a clear catalyst.” They noted a noticeable lack of demand, including the announcement from Strategy that they had not acquired any BTC.
“With STRC still trading below par and the ongoing lack of interest from retail buyers, BTC is likely to continue its weakness in the near term,” the note indicated.
This situation places the crypto market at risk of further lagging behind equities, where excitement around artificial intelligence has propelled global stock indices to new heights, despite rising oil prices due to stalled efforts to reopen the Strait of Hormuz. Stay vigilant!
Read more: For insights on today's altcoin and derivatives activity, see Crypto Markets Today. For a full schedule of events this week, check out CoinDesk's "Crypto Week Ahead."
What’s trending
- Aave revises listing standards following $230 million rsETH exploit that revealed bridge vulnerabilities (CoinDesk): Aave announced it will reassess every asset listed on V3 and revise its listing criteria after April's $230 million restaked ETH incident highlighted a new category of DeFi risk.
- Whitehat developer retrieves $2 million trapped in a 2016 Ethereum ICO contract for nine years (CoinDesk): A security expert known as 0xflorent collaborated with the team behind a 2016 Ethereum (ETH) ICO contract to free approximately $2 million in ether that had been locked for nine years.
- Oil prices increase as U.S. and Iran engage in strikes, Israel escalates its involvement in Lebanon (Reuters): Oil prices surged over 3% on Monday following military exchanges between Iran and the U.S., while Israel ordered troops to advance further into Lebanon in its conflict with Hezbollah.
- Citi forecasts the tokenized securities market will expand to $5.5 trillion by 2030 (Coindesk): Citi’s latest report, titled Tokenization 2030: Wall Street On-Chain, anticipates that the tokenized securities market will grow from its current value of $17 billion to $5.5 trillion by 2030, with a more optimistic scenario reaching as high as $8.2 trillion.
Today’s signal
Hyperliquid's hype (HYPE) token is continuing to gain strength against Solana's sol (SOL), achieving new record highs.
However, the declining RSI momentum in the ratio between the two tokens is creating a bearish divergence on the daily chart, which may indicate a short-term slowdown or minor pullback.
Should this happen, it is not expected to disrupt HYPE's overall outperformance trend, as there is no confirmation of the divergence on the weekly chart.
Crypto Daybook AmericasMore For You
Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand
By Francisco Rodrigues|Edited by Saksham Diwan, Olivier AcunaMay 29, 2026Your day-ahead look for May 29, 2026
What to know:
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Read full storyLatest Crypto News