Why is Crypto Up or Down?

Crypto is down (-0.9%) β€” Top: NEAR -11.9%

Crypto markets drifted lower (average move -0.95%) as risk appetite softened amid macro uncertainty, with the oil-focused headlines around Iran and the prospect of higher crude reinforcing inflation and rates concerns that typically weigh on speculative assets. Bitcoin’s inability to regain momentum near $83K, as highlighted in technical commentary, kept sentiment cautious and likely contributed to heavier selling in higher-beta alts, where NEAR and ICP led declines. The more constructive regulatory note from Russia, with Sberbank moving closer to launching crypto trading after central bank approval, offered a supportive long-term signal but was not enough to offset the day’s broader risk-off tone.

59 moves Β· 20 sources Β· Last 24h Β· 27 up / 32 down

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