Why is Crypto Up or Down?

Crypto is up (+3.0%) β€” Top: NEAR +13.6%

Crypto prices rose broadly today (average +2.9%) as sentiment improved on signs of reduced miner selling pressure, with reports that bitcoin miners have stopped selling aggressively helping ease a key source of near-term supply overhang. Risk appetite also rotated into select large-cap alts, led by NEAR’s outsized gains and Cardano’s rebound (+7.15%) after bullish signals highlighted at TOKEN2049, reinforcing the bid for projects with fresh catalysts. That said, news of a large Uniswap transfer amid reported losses and commentary that liquidity has rebuilt mainly in bitcoin and ether helps explain why the advance looked selective rather than uniform across the altcoin complex.

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