• 📉 Market Downtrend: Solana (SOL) and Cardano (ADA) lead a decline in the crypto market, with a 5% drop in the past 24 hours.

• 🐕 Dogecoin Fluctuation: DOGE initially resisted the market trend, spurred by potential adoption on a social app, but later followed the downtrend.

• 💔 Bitcoin’s Support Break: Bitcoin lost its $41,000 support level, with predictions of dropping to $38,000, influencing broader market losses.

• 🚨 Grayscale’s GBTC Impact: Analysts, including Bloomberg’s Eric Balchunas, link bitcoin’s recent decline to potential sales from Grayscale’s GBTC ETF.

• 💼 Grayscale Movements: Over $400 million worth of bitcoin was moved to Coinbase Prime, hinting at possible sales.

• 📈 Contrasting ETF Trends: New bitcoin ETFs like BlackRock’s IBIT and Fidelity’s FBTC show over $1 billion in inflows, indicating buying interest.

#CryptoMarke t #Solana #Cardano #Bitcoin #Grayscale #ETFs #MarketTrends 🌐💰🔻