Why is Crypto Up or Down?

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

Crypto prices drifted higher on the day (average +1.18%) as tightening Bitcoin supply dynamics, highlighted by reports of whale inflows dropping below $3B, reinforced a constructive risk backdrop and supported broad-based bids in large caps like Ethereum (+2.51%). In parallel, the push toward regulated access stayed in focus after Bitwise filed an updated S-1 for a Hyperliquid ETF, helping underpin sentiment around major platforms and adjacent ecosystems. Cardano underperformed (ADA -1.64%) even as its hard fork approaches, suggesting the update was largely priced in or that traders rotated toward higher-momentum themes elsewhere.

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

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