Why is Crypto Up or Down?

Crypto is mixed (+0.1%) — Top: AAVE -4.1%

Crypto prices were modestly higher on average in a mixed session, with bitcoin holding steady near $65,000 and keeping overall risk appetite contained. Against that backdrop, strength in large-cap altcoins such as ether (up about 4%) and XRP (up about 2.7%) looked more like selective positioning than a broad market rally, with XRP’s move aligning with reports of elevated whale activity even as spot prices remained relatively range-bound. Meanwhile, the Senate’s unanimous opposition to a Sam Bankman-Fried pardon reinforced the market’s ongoing focus on governance and enforcement risk, helping explain why gains were concentrated in a few names rather than lifting the entire complex.

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