Why is Crypto Up or Down?

Crypto is up (+3.5%) β€” Top: INJ +28.6%

Crypto prices traded higher on average (+2.9%) as sentiment improved around institutional adoption, with Deutsche Bank’s plan to roll out Bitcoin and Ethereum custody within weeks reinforcing the view that regulated on-ramps and balance-sheet participation are still expanding despite macro headwinds. That constructive backdrop helped support risk appetite even as recent inflation-driven volatility lingered in the narrative, while outsized gains in Injective and NEAR suggest traders also rotated into higher-beta names as confidence stabilized. Separately, shifting rate-hike odds highlighted by Polymarket reflects how closely crypto remains tethered to policy expectations, but today’s price action leaned more on the institutional custody catalyst than on macro fears.

62 moves Β· 20 sources Β· Last 24h Β· 49 up / 13 down

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