Why is Crypto Up or Down?

Crypto is down (-2.9%) β€” Top: MKR -10.3%

Crypto markets traded broadly lower (average -2.93%) as risk appetite weakened on the back of continued ETF-related outflows and fresh pressure on Ethereum, with headlines highlighting Bitcoin ETFs shedding $261M and ETH sliding to a two-month low amid reports of persistent short positioning. The pullback was most acute in higher-beta DeFi names such as Maker, which underperformed alongside the broader deleveraging tone, while mixed alt-specific news (including routine XRP updates and Ethereum roadmap commentary) did little to offset the immediate impact of flows and ETH-led downside momentum.

72 moves Β· 20 sources Β· Last 24h Β· 14 up / 58 down

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