Why is Crypto Up or Down?

Crypto is mixed (+0.5%) β€” Top: SHIB +4.6%

Crypto markets edged higher on average as Bitcoin’s continued seven-day rally, reportedly driven by ETF-related demand and short covering, helped lift broader risk appetite and pulled major tokens higher alongside BTC’s +4.26% gain. Technical commentary pointing to a bullish RSI divergence added to the constructive tone by reinforcing the view that momentum is improving, which likely supported follow-through buying in large caps. Against that backdrop, idiosyncratic risk remained visible: Cosmos-related security headlines weighed on sentiment in parts of the smart-contract complex, while meme and high-beta names like Shiba Inu (+4.64%) outperformed as traders leaned into the day’s risk-on impulse.

34 moves Β· 20 sources Β· Last 24h Β· 20 up / 14 down

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