Bitcoin, ether start June in the red while futures show taste for risk. XLM, HYPE gain
Bitcoin and ether prices fell at the start of June amid geopolitical tensions between the U.S. and Iran. Despite the market downturn, Stellar's XLM token surged following a partnership with the DTCC.
Why it matters
It highlights how macroeconomic and geopolitical events continue to drive volatility in the cryptocurrency markets.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin, ether start June in the red while futures show taste for risk. XLM, HYPE gain Bitcoin and ether fell Monday after dropping in May, a month that usually sees them post positive returns. U.S. equity index futures rose. By Sheldon Reback , Shaurya Malwa , Saksham Diwan | Edited by Sheldon Reback Jun 1, 2026, 10:04 a.m. 3 min read Make preferred on (Kanchanara/Unsplash) What to know : Crypto markets opened June lower as tensions between the U.S. and Iran weighed on sentiment. Following spot bitcoin ETFs record 10 straight days of net outflows totaling $2.97 billion, derivatives data show mildly bullish positioning and steady open interest, suggesting institutional risk appetite is stabilizing. Stellar’s XLM surged more than 40% after DTCC chose its network for a tokenized securities platform rollout, signaling a pivotal role for the public blockchain in Wall Street’s multichain tokenization strategy. June kicked off in the red for crypto markets as the U.S. and Iran exchanged fire and peace talks failed to translate into reduced tensions in the region. The CoinDesk 20 Index (CD20) fell 2% since midnight UTC, with bitcoin BTC $ 72,150.93 and ether (ETH) both losing about 1%.
Standard financial reporting based on market data and geopolitical events.
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