CryptoHappenings

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Crypto is down (-3.2%) — Top: SOL -7.8%

Crypto prices moved lower on the day (average -3.0%) as sentiment softened around the “edge” narrative for bitcoin and renewed pressure on bitcoin and ethereum ETFs, which can tighten near-term liquidity and weigh on risk appetite. That risk-off tone showed up most clearly in higher-beta altcoins, with Solana and DeFi names like Aave leading declines as traders de-risked. While some commentary pointed to a possible shift in market leadership via falling BTC dominance, today’s action suggests those rotation signals were outweighed by ETF outflow concerns and a broader pullback in positioning.

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