Why is Crypto Up or Down?

Crypto is down (-2.2%) โ€” Top: MKR -10.3%

Crypto prices moved broadly lower today (average -2.43%) as hotter-than-expected U.S. inflation data pushed bitcoin briefly below $80,000, reinforcing the view that restrictive rates could persist and tightening overall risk appetite. That macro-driven de-risking weighed most on higher-beta and DeFi-linked names, with sharp drawdowns in tokens like Maker and Injective consistent with investors trimming exposure as headline inflation pressure reasserted itself. Softening retail interest also showed up in reports of multi-year lows in Google searches for bitcoin, which can reduce marginal demand during periods of macro stress.

80 moves ยท 20 sources ยท Last 24h ยท 27 up / 53 down

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