Why Is Crypto Down Today? Key Factors Explained

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The cryptocurrency market is down today due to renewed fears over stalled US-China trade talks, significant long liquidations, and a weak technical structure.

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.

Total crypto market cap risks falling toward $3.1 trillion after breaking below a descending parallel channel.

The combined valuation of all cryptocurrencies has fallen by around 2.60% in the past 24 hours to reach $3.34 trillion on May 30. 


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