Why is Crypto Up or Down?

Crypto is down (-1.5%) β€” Top: ATOM -5.1%

Crypto prices drifted lower on average (-1.55%) as risk appetite softened into the new week, with traders weighing Friday’s spike in market anxiety even as CoinDesk noted that both the VIX and bitcoin were signaling the fear could fade. The pullback was amplified by fresh security headlines, including Cysic’s decision to suspend its bridge after an attacker minted tokens and moved $727,000 to Ethereum, alongside reports of scammers targeting XRP holders and hackers routing stolen funds through privacy rails, which tend to pressure sentiment across large-cap altcoins. Against that cautious backdrop, the CoinDesk note that stablecoin supply has stalled despite a jump in payments underscores that real-world usage is improving, but liquidity growth is not accelerating enough to offset near-term risk-off positioning.

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