Why is Crypto Up or Down?

Crypto is down (-2.0%) β€” Top: NEAR -15.1%

Crypto markets traded lower on average (about -2.0%) as risk sentiment softened amid fresh trust and custody concerns, highlighted by reports that Binance’s Ethereum reserves have fallen to a six-month low and Ledger is investigating potential theft tied to a wallet reseller. That backdrop likely amplified selling pressure in higher-beta large caps such as NEAR, ADA, and AVAX, which underperformed the broader market as investors de-risked. Offsetting pockets of strength were limited, with PYTH’s gain aligning with news that its DAO will direct product income toward PYTH buybacks, but it was not enough to change the overall tone.

80 moves Β· 20 sources Β· Last 24h Β· 29 up / 51 down

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