Why is Crypto Up or Down?

Crypto is up (+1.2%) β€” Top: ETH +2.5%

Crypto markets drifted higher on the day (average +1.19%) as signs of tightening bitcoin supply, highlighted by reports of whale inflows dropping below $3B, reinforced a constructive backdrop for risk assets and supported broad-based bids in large caps like Ethereum (+2.51%) and Solana (+1.96%). Policy-and-product headlines also helped sentiment at the margin, with Bitwise’s updated S-1 for a Hyperliquid ETF underscoring continued momentum around crypto investment vehicles. Cardano (ADA) lagged (-1.64%) despite hard-fork updates, suggesting the market treated the upgrade as largely anticipated while attention stayed on liquidity and allocation flows rather than protocol-specific catalysts.

16 moves Β· 20 sources Β· Last 24h Β· 14 up / 2 down

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