Why is Rain down today?

There's no Rain-specific news in today's feed: $RAIN's 1.0% slide over 24 hours tracks a flat-to-lower broader market, with Bitcoin down 0.3% at $83,931. The bigger story is the 7-day picture, where Rain is off 11.6% while Bitcoin is up 3.4% — a sign that risk appetite is rotating away from smaller-cap tokens rather than out of crypto entirely.

The macro backdrop is the main drag. A historic US bond selloff pushed the 10-year Treasury yield to 5.22%, a decades high, and traders cut roughly $1.7 billion in leverage as Bitcoin absorbed the shock near $84,000. Deleveraging of that scale typically hits mid-cap altcoins harder than majors.

Security headlines have compounded the caution. Bitget suspended withdrawals after a September 24 breach that CEO Gracy Chen said was "very likely" North Korea-linked, with roughly $350 million gone and analysts estimating the loss could consume 76% of its protection fund. Separately, a D'CENT app wallet attack drained 12.4 million XRP, and Payy lost $1.92 million from user deposits.