Summary
Markets ended the week in the red with Bitcoin below its 2021 high. Grayscale redeemed over $300 million, causing price drops. Solana lost the most, while Bitcoin Cash is up 14% after its halving. Despite fluctuations, experts believe the worst is over for the market.
Key Points
1. Bitcoin price is below its 2021 high of $69,044, currently priced at $67,957 per coin.
2. Grayscale redeemed over $300 million at the start of the week, leading to a price drop in cryptocurrencies.
3. Solana has dropped by nearly 10% over seven days, with congestion problems on its network affecting its price.