Bitcoin Holds $77,300 in Quiet Memorial Day Session as Solana Extends Weekly Outperformance

Bitcoin closed Monday at $77,306, up 0.3% on the day, in a thinly traded Memorial Day session that left most major crypto assets little changed. Solana extended its weekly gain to 9.2%, continuing to outperform bitcoin and ether, which trade 0.6% and 3.7% lower respectively over the past seven sessions.

Market Overview

Crypto traded in a narrow band Monday with U.S. equity markets shut for Memorial Day, leaving spot moves muted across the majors. Bitcoin held the $77,000 handle through the session and closed at $77,306, up 0.3%. Ether finished at $2,110 (+0.5%), while Solana logged $85.45 (+0.2%) and XRP printed $1.36 (+0.3%). The 30-day picture remains constructive — BTC up 13.7%, SOL up 15.6% — but the weekly tape has flattened, with ether the weakest of the four on a seven-day basis.

Asset Price Analysis

Bitcoin's intraday range was tight by recent standards, with the spot holding above $77,000 and capped below $77,500 for most of the U.S. session. The +13.7% 30-day move puts BTC well off the lows of the prior cycle, but the -0.6% weekly print suggests momentum is consolidating rather than extending.

Solana remains the standout. A 9.2% weekly gain alongside a 15.6% 30-day move points to flows and positioning skewed toward the asset relative to bitcoin and ether. Whether that holds into a normal liquidity session Tuesday is the watch-item — Memorial Day volumes routinely understate true positioning.

Ether continues to lag. The -3.7% weekly print against BTC's -0.6% widens the ETH/BTC ratio compression that has defined the past month. At $2,110, ether sits roughly flat on a 30-day basis (+3.7%) while bitcoin has added more than four times that.

ETF Flows Context

Issuer flow reports for Monday's session have not yet been published. The most recent settled session, Friday, May 22, showed spot crypto ETFs registering -$102.8M ↓ in net outflows, according to InflowScan data. BTC and ETH coverage was complete; SOL and XRP coverage was partial, with several smaller issuers still settling.

BlackRock's IBIT led Friday's exits at -$70.3M ↓, with Fidelity's FBTC at -$37.1M ↓. On the ether side, BlackRock's ETHA recorded -$5.8M ↓. Inflows were thin and concentrated in Solana products — Volatility Shares' SOLT at +$4.9M ↑ and Fidelity's FSOL at +$3.5M ↑ — consistent with the spot-price strength SOL has shown over the past week.

The 30-day cumulative remains in inflow territory at +$1.35B, per InflowScan data, so Friday's session is best read as a single-day pullback within a broader positive run rather than a regime change. Monday's settled figures will publish in Tuesday's pre-market brief.

Stablecoin Pulse

USDT supply contracted by $87.9M over the prior 24 hours to $189.4B, with USDC down $25.0M to $76.5B, according to InflowScan data. Both moves are small relative to the bases and consistent with a holiday-thinned session. The dry-powder picture is broadly unchanged heading into Tuesday's full liquidity window.

Outlook

Tuesday's reopened U.S. session is the first real read on positioning. Levels to watch: BTC's defense of $77,000 on a normal-volume tape, and whether ether reclaims $2,150 or extends its weekly underperformance. Solana's 7-day strength sets up a test of whether ETF flows follow the spot move once full SOL fund coverage settles. Monday's ETF flow figures publishing Tuesday morning will clarify whether IBIT and FBTC's Friday exits were a single-session repositioning or the start of a longer redemption streak.