Crypto Markets End Week Flat Amid Volatile Swings

Crypto markets ended the week flat at $2.73 trillion after volatile swings between $2.70 trillion and $2.79 trillion, a contrast to the previous week's $500 billion expansion.

The altcoin performance diverged sharply over the week, with Solana (SOL) leading gains due to Charles Schwab's announcement that it will list SOL alongside AVAX and LINK in its accounts.

Bitcoin also saw price action, moving between $77,000 and $79,000 before reclaiming the $81,000 mark for the second time in a week. However, after Federal Reserve Chair Kevin Warsh's Jackson Hole address, bitcoin dropped below $77,000 but ultimately erased some losses to post a 1% weekly gain.

Himanshu Sahay, co-founder and CTO of Arch Lending, noted that the simultaneous movement in bitcoin and gold suggests that investors are reassessing scarce assets, with bitcoin increasingly being traded within a broader macro framework rather than purely on crypto-specific narratives.