TL;DR:
- Bitcoin reached $87,000, market cap $1.740 trillion, dominance fell to 56.5 %.
- Altcoins such as KAS (+22 %), SUI (+11 %), ENA (+10 %), and RAIN (+100 % +) surged, lifting total market cap to $3.075 trillion.
- The rally suggests altcoins gaining traction while Bitcoin stabilizes, though volatility and selective gains remain key risks.
Bitcoin continues to recover from recent dips, as the leading cryptocurrency reached $87,000, reigniting optimism across the crypto market. After plunging below $81,000 last week, the token climbed back from earlier lows near $84,000, reflecting renewed investor confidence. Bitcoin’s market cap rose to roughly $1.740 trillion, while its dominance over altcoins decreased to 56.5 %, giving other cryptocurrencies room to perform strongly.
Altcoins shine amid broader market rally
Within this rally, several altcoins recorded significant double-digit gains, capturing attention as Bitcoin stabilizes. Smaller-cap tokens led the charge: KAS surged 22 %, SUI gained 11 %, and ENA rose 10 %, while RAIN skyrocketed more than 100 %, entering the top 100 cryptocurrencies. Larger-cap altcoins also performed well, with XRP increasing 7 % to $2.20 and SOL climbing over 5 % to trade above $135. This collective movement contributed to a total market cap increase exceeding $60 billion in a single day, reaching approximately $3.075 trillion. Meanwhile, coins like ZEC and BCH lost 6.3 % and 4.5 %, respectively.
The market’s structure shows a shift in focus from Bitcoin to altcoins, as capital moves toward projects beyond the top asset. With Bitcoin dominance dropping, altcoins benefit from both renewed investment flows and positive sentiment. While some investors remain cautious due to volatility, the broad trend indicates growing interest in mid- and small-cap assets, highlighting the potential for gains across the crypto ecosystem.
However, the rally comes with warnings, as heightened volatility and selective gains may challenge inexperienced traders. Not all altcoins experienced the same surge, and market participants are closely monitoring support and resistance levels to manage risk. A failure for major altcoins to hold their gains could trigger short-term corrections, especially as liquidity continues to fluctuate.
Overall, the current market movement may signal a broader shift in crypto dynamics, where altcoins gain momentum while Bitcoin consolidates. Observers are keen to see whether these trends will sustain or represent a temporary market window.
