Bitcoin News

Story: Grayscale Picks 8 Cryptos as Bitcoin Sits 51% Below All-Time High

By Sydney TheCMO

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The Mid-Tier Names Carrying Real Narratives. XRP trades around $1.09, down about 72% from its record.

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Infrastructure Plays: Sui and Avalanche. Sui trades at $0.70, down about 87% from its highest point.

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Grayscale just dropped a list. Eight cryptocurrencies, each with a story the firm thinks matters right now — and the price gaps from their peaks are pretty brutal across the board.

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Bitcoin leads the pack, as usual. The firm sees BTC as decentralized digital money, a hedge against fiat devaluation, the whole classic pitch.

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Ethereum sits at roughly $1,732, about 65% off its peak. Grayscale calls it the programmable world computer — smart contracts, DeFi, NFTs, ongoing network upgrades.

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XRP trades around $1.09, down about 72% from its record. Grayscale's case here leans heavily on regulatory clarity in the U.S.

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Solana sits at $77, roughly 74% below its peak. High-performance blockchain, lots of applications, past outages that spooked people — the story's complicated.

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Then there's Hyperliquid. HYPE is the outlier here. It trades near $67 and is only about 13% below its all-time high.

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Chainlink comes in at $7.59, which is 85% below its historical high. That's a steep drop. But Grayscale's argument is that oracle services — connecting blockchains to real-world…

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Read also: Fidelitys Jurrien Timmer Calls Bitcoin Near Cycle Bottom Alongside Gold

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Sui trades at $0.70, down about 87% from its highest point. It's targeting gaming and DeFi with a scalable blockchain architecture, and it's pulled in meaningful developer…

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Avalanche is the roughest-looking chart on the list. AVAX sits around $6.42, which is 95% below its previous high. Ninety-five percent.

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The broader read from Grayscale's list is that the firm's shifted its lens toward fundamentals — actual usage, regulatory positioning, infrastructure value — rather than just…

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Crypto markets have spent the better part of the past year grinding through a correction that's hit nearly every asset hard.

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Read also: Bitcoin Moving Average Signal Flashes Again, Speculators Watch for Confirmed Bottom

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