Why is Crypto Up or Down?

Crypto is down (-1.5%) — Top: NEAR -11.9%

Crypto markets traded lower on average (-1.51%) as bitcoin’s inability to sustain momentum near $83K kept risk appetite subdued, pressuring higher-beta large caps and helping drive sharper drawdowns in tokens like NEAR, APT and ICP. The tone was further weighed by a cluster of Asia-focused compliance headlines, including reported central bank action involving Coins.ph and Ledger’s request for resellers to halt sales in parts of Southeast Asia and Hong Kong, which reinforced near-term regulatory and operational uncertainty. Separately, reports of sandwich-bot attacks around Pump.fun added to the day’s caution by highlighting persistent market-structure and security frictions that can dampen speculative flows.

70 moves · 20 sources · Last 24h · 31 up / 39 down

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