Why is Crypto Up or Down?

Crypto is down (-1.8%) — Top: AAVE -5.8%

Crypto prices drifted lower on the day (average move -1.7%) as last week’s CPI-driven bounce in bitcoin and ethereum faded, consistent with recap coverage noting that the macro impulse has cooled and large buyers such as Strategy were quiet. Ethereum’s sharper pullback (ETH -4.7%) weighed on DeFi majors like Aave (down roughly 5–6%), reflecting a broader risk-off tone rather than a protocol-specific shock, despite constructive headlines such as ether.fi’s slashing-protection partnership and HSBC’s approval to enter the Bank of England’s digital securities sandbox. While Ripple’s MiCA register listing is a positive regulatory milestone, it did not translate into broad market support today, underscoring that near-term price action remains driven more by shifting macro sentiment than incremental adoption news.

53 moves · 20 sources · Last 24h · 9 up / 44 down

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