Why is Crypto Up or Down?

Crypto is up (+2.8%) — Top: NEAR +13.6%

Crypto markets traded higher on average (+3.06%) as sentiment improved around bitcoin’s supply dynamics, with reports noting miners have stopped selling aggressively, reducing a key source of near-term sell pressure and supporting broader risk appetite. Strength in higher-beta names was most visible in NEAR Protocol (up to +13.65%), while Cardano (+7.15%) outperformed after TOKEN2049 headlines pointed to constructive network and ecosystem signals that helped reinforce the rebound. That said, the newsflow remains mixed beneath the surface, with CoinDesk highlighting that liquidity has rebuilt in bitcoin and ether more than in smaller altcoins, and separate reports of large UNI transfers amid losses underscoring why some segments can still lag even on up days.

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