Bitcoin and ether declined on Monday, extending weakness from May—historically a month that has often produced gains for the two largest cryptocurrencies—even as U.S. equity index futures advanced.
Crypto Benchmarks Start the Week Lower
Both bitcoin and ether fell in early-week trading, adding to losses from May. The move suggests cautious sentiment in digital assets to start June, following a month that typically skews positive for crypto seasonality.
Seasonality Bucked in May
May has frequently been a constructive period for bitcoin and ether over longer-term averages, but this year’s performance diverged from that pattern. The latest dip underscores how macro conditions and shifting risk appetite can override historical tendencies.
U.S. Equity Futures Rise
In contrast to crypto’s pullback, U.S. equity index futures traded higher on Monday, highlighting a divergence between digital assets and traditional risk assets at the weekly open.
What to Watch
- Upcoming macroeconomic data releases and policy commentary that could influence risk sentiment across assets.
- Market breadth and liquidity conditions in crypto following May’s declines.
- Whether equities’ early strength spills over into digital assets as the week progresses.