Why is Crypto Up or Down?

Crypto is mixed (-0.1%) — Top: SHIB +4.6%

Crypto prices were mixed overall, but bitcoin’s outperformance (BTC +4.26%) looked tied to derivatives positioning after reports that open interest has fallen sharply, reducing leverage and making spot-driven rebounds easier to sustain. Risk sentiment was tempered by fresh security headlines, including Cosmos Labs urging EVM chains to halt amid recent attacks and Kraken’s account disruptions tied to a “dust attack,” which likely kept traders selective and capped broader follow-through. Tokenization news such as POSCO bringing trade receivables to Avalanche offered a constructive institutional backdrop, but it was not enough to lift the whole complex uniformly.

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