Why is Crypto Up or Down?

Crypto is up (+2.8%) — Top: ARB +15.3%

Crypto markets traded higher on the day (average +2.81%) as risk appetite improved alongside Bitcoin’s recovery, helping lift higher-beta segments of the market. The strongest gains clustered in DeFi and Ethereum-linked assets, with Arbitrum (ARB) posting double-digit advances and Aave (AAVE) rising, aligning with commentary that DeFi has been quietly re-rating versus Bitcoin as investors rotate toward protocols with clearer fee and activity narratives. That constructive tone was tempered by fresh supply-chain security concerns after reports of an attempted backdoor in an Injective-related npm package, a reminder that ecosystem risk remains a key factor even during broad-based rallies.

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