Solana climbs higher while bitcoin, ether prices cool

Bitcoin and ether stay flat post-selloff as SOL fans brace for a new all-time high

article-image

dRender/Shutterstock modified by Blockworks

share

Bitcoin and ether held steady Monday morning in New York after their selloff over the weekend, while Solana continued its rally. 

After dipping to $64,500 over the weekend, bitcoin moved 2% higher Monday, according to Coinbase, to around $68,000. 

Bitcoin’s (BTC) weekly low on Sunday comes after a historic run for bitcoin last week, when the crypto posted a new all-time high of $73,835, per Coinbase. Analysts say the price moves are not surprising. 

“A pullback was to be expected considering Bitcoin’s steep climb over the past few weeks. If there were any surprises, it’s that the correction was a mild 12%, as compared with the 20 to 30% dips we’ve seen in the past,” Lucas Kiely, chief investment officer of digital wealth platform Yield App, said. “In part, this showcases Bitcoin’s current resilience to the macro environment.”

Read from our opinion section: As bitcoin’s price soars, I’m having fun and staying poor

Ether (ETH) was also relatively quiet, gaining 1% to trade around $3,600 after briefly topping $4,000 last week. The cryptocurrency has yet to surpass its 2021 record price of $4,721, according to Coinbase. 

Meanwhile, Solana (SOL) bounced another 16% Monday, per Coinbase, positioning it nearly 40% higher over the week. 

The run comes as Solana MEV startup Jito Labs announced earlier this month that it will suspend mempool functionality offered by the Jito Block Engine. The company cited an increased amount of sandwich attacks on the Solana blockchain.

“To mitigate network congestion from spam, Jito introduced an external mempool solution for Solana, effectively adding a 200ms mempool phase within the 400ms block period,” Alex Thorn, head of research at Galaxy Digital, said in a note. 

“The introduction of the mempool, however, also opened the door for more toxic forms of MEV like sandwiching that harm the user experience, ultimately resulting in Jito shuttering the service,” Thorn added. 

Looking ahead, traders are waiting for this week’s main event: the Federal Reserve’s rate decision on Wednesday. While markets overwhelmingly anticipate rates will stay the same, the Federal Open Markets Committee will also be releasing its economic projections, which could give insight into what to expect for the remainder of the year and in 2025. 

“In the latest release, the Fed lowered its forecast for end-of-year fed funds from 5.1% to 4.6%, which the market celebrated,” Noelle Acheson, author of the “Crypto is Macro Now” newsletter, said. “It’s likely that they will be raised again, if not this week then at the June meeting, since inflation seems somewhat stuck.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

Bain Capital Crypto and Haun Ventures co-led the round as demand grows for Bitcoin-denominated savings and annuities

by Blockworks /
article-image

NYSE owner’s investment values the prediction market at $8–9 billion, signaling Wall Street’s entry into event-based trading

by Blockworks /
article-image

Pineapple begins deploying its $100 million Injective Digital Asset Treasury, staking INJ to earn yield and fund onchain mortgage ambitions

by Blockworks /
article-image

Staking levels in the ether funds will depend on protocol unstaking queue times and anticipated redemption activity, firm says

article-image

ETF inflows, miner strength, and tightening supply drive Bitcoin past its prior peak amid renewed demand for scarce assets

by Blockworks /
article-image

The Guidestar team, led by Alex Nezlobin, will join Uniswap Labs to enhance automated market maker design and smart order routing

by Blockworks /