CryptoHappenings

Why is Crypto Up or Down?

Crypto is down (-1.3%) — Top: NEAR -15.1%

Crypto prices drifted lower on the day (average move -1.36%) as traders stayed risk-off after a rough week for bitcoin, with Decrypt noting that derivatives markets are still pricing in more downside despite the rebound. Sentiment was further weighed down by renewed scrutiny around stablecoin plumbing, with reports of a THORChain executive alleging temporary USDT vault freezes and a separate Senate inquiry into Tether-related ties adding to near-term caution. Against that backdrop, higher-beta altcoins saw sharper drawdowns, led by outsized losses in NEAR and other large-cap smart-contract tokens as traders reduced exposure to riskier segments of the market.

64 moves · 20 sources · Last 24h · 27 up / 37 down

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20:39 US plans to seize $1B in crypto linked to Iran this week: Scott Bessent Cointelegraph 19:04 THORChain exec accuses Tether of temporarily freezing USDT vaults Cointelegraph 18:46 Senate Democrat Presses Cantor Fitzgerald on Tether Ties and Lutnick Family Profits Decrypt 18:33 XRP Ledger Might Be Vulnerable to AI, Avalanche Founder Warns XRP AVAX U.Today 18:06 Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives Decrypt 17:36 Bitcoin Rebounds After Rough Week, But Traders Are Pricing In More Downside BTC Decrypt 17:02 Ledger investigates fund losses linked to Southeast Asian reseller, warns users Cointelegraph 16:43 Ledger Warns Buyers Not to Set Up Wallets From Reseller After Users Report Losses BTC Bitcoin Magazine
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