Bitcoin (BTC) and Ethereum (ETH) Were in the Green

Leading cryptocurrencies traded in the green on Sunday evening, while stock futures dipped amid concerns that trade hostilities between the U.S. and China would resume.

What Happened: Bitcoin traded in the $105,000 range for most of the day, while Ethereum remained in the $2,500 range. Trading volumes for both blue-chip currencies declined significantly in the last 24 hours.

The apex cryptocurrency ended May with returns of nearly 11%, which is better than the average monthly return of 8.18%. ETH soared by 40.84%, snapping a five-month-long losing streak.

About $147 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly equal amounts of longs and shorts erased.

Bitcoin’s Open Interest rose by 1.62% in the last 24 hours. Over 50% of Binance traders who had open BTC positions were long at press time.

The “Greed” sentiment rose sharply from 56 to 65 in the last 24 hours, as indicated by the Crypto Fear and Greed Index, suggesting a return in buying pressure.

Top Gainers (24-Hours)

The global cryptocurrency market cap now stands at $3.3 trillion, following a 0.98% increase in the last 24 hours.

Stock futures traded lower in the morning on Sunday. The Dow Jones Industrial Average Futures fell by 104 points, or 0.25%, and S&P 500 Futures dipped by 0.28%, while Nasdaq 100 Futures lost 0.40%, at press time.

This comes after President Donald Trump accused China of breaching an agreement with the U.S. to reduce tariffs.

However, equities enjoyed a resurgence last month, with the Dow Jones Industrial Average and the S&P 500 rising 3.72% and 5.49%, respectively, on positive tariff-related developments.

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Analyst Notes: Widely followed cryptocurrency analyst Michaël van de Poppe anticipated a “decisive week” for Bitcoin.

"If it breaks back above $106,000, the big party is about to happen. With PMI & unemployment data during this week, I assume we’ll have a lot of volatility."

Cryptocurrency influencer Mando CT was optimistic about a “big” move for ETH in the week ahead.

"The reason? Our mid and low-cap alts are still down and need to catch up."