Why is Crypto Up or Down?

Crypto is down (-2.4%) β€” Top: MKR -10.3%

Crypto prices moved broadly lower today (average -2.48%) as macro pressure drove β€œoutsized drawdowns” in Ethereum and higher-beta altcoins, tightening risk appetite across the complex. That risk-off tone showed up most clearly in sharper declines among volatile DeFi and smart-contract names like Maker and Injective, which tend to underperform when liquidity conditions and sentiment deteriorate. While there were pockets of constructive headlines, such as Lido expanding ETH staking to layer-2s via Chainlink CCIP, they were not enough to offset the broader macro-driven de-risking that dominated trading.

76 moves Β· 20 sources Β· Last 24h Β· 23 up / 53 down

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