Why is Crypto Up or Down?

Crypto is down (-2.6%) โ€” Top: MKR -10.3%

Crypto markets traded lower today (average -2.48%) as risk appetite softened on signs of weakening institutional demand, highlighted by reports that Bitcoin ETFs saw $261 million in net outflows. Selling pressure also appeared concentrated around Ethereum-linked narratives after VanEck scrapped its planned Lido staked ETH ETF and headlines noted ETH sliding to a two-month low, which likely weighed on higher-beta names and contributed to sharper declines in tokens like MKR and INJ. Ripple/XRP headlines were more idiosyncratic and did not offset the broader risk-off tone, leaving the market to follow the macro flow picture rather than coin-specific catalysts.

60 moves ยท 20 sources ยท Last 24h ยท 13 up / 47 down

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