TL;DR
- Bitcoin touched $98,000, eased near $97,000, and lifted total crypto market cap about $40 billion to roughly $3.370 trillion as dominance hit 57.5% in this burst.
- After rebounding from $90,000 support, bitcoin reclaimed $92,000, ran to $96,500, dipped under $94,500, then jumped back to $98,000.
- Ether held above $3,300, traded over $3,350, and drew talk of moves toward $3,400 and $3,500, while altcoin breadth stayed mixed and HASH surged 20%.
Bitcoin tapped $98,000 for the first time in about two months, then eased toward $97,000, showing how fast this market can swing from cautious to aggressive. Ethereum stayed well above $3,350, with traders watching whether it can extend toward $3,400 after holding key support. The market’s mood shifted to risk-on as bitcoin led and ether tried to keep pace above $3.3K. Despite growing geopolitical tension, total crypto market cap rose about $40 billion overnight to roughly $3.370 trillion. Bitcoin dominance rose to 57.5% as most altcoins failed to double down on their recent gains today.
Bitcoin dominance firms as Ethereum tests the next level
Bitcoin’s path to $98,000 was not linear. After last week’s push from under $90,000 to almost $95,000, the rally stalled and the price slipped below its starting point, only for buyers to defend the $90,000 area. Breakout attempts faded near $92,000 until Tuesday, when bitcoin reclaimed that level and surged to $96,500. Bears knocked it under $94,500, but the rebound carried into Wednesday’s jump back to $98,000. The storyline is dominance: BTC’s share rose as the benchmark asset did the heavy lifting. Market cap reached about $1.940 trillion. Its dominance climbed to 57.5% on CoinGecko.
Ether’s tape looked steadier than bitcoin’s, but the levels are now doing the talking. It remained above $3,300 despite a market pullback, and it was still trading well over $3,350 with a roughly 1% daily gain. Analysts cited in the coverage were watching for another push to and beyond $3,400, while the broader bullish goal being discussed was a breakout toward $3,500 in the near term. Ethereum is holding the line above $3.3K, and the market is testing how much follow-through is real. That tension is shaping positioning across majors. BNB and TRX were green.
Under the surface, breadth was mixed, which is why the headline felt louder than the follow-through. XRP, DOGE, ADA, LINK and XLM were down on the day, and HYPE, LTC, HBAR, TAO and CC also sat in the red. RAIN and ICP were among the larger-cap gainers, while HASH stood out with a 20% surge. Total market cap was marked at roughly $3.370 trillion after the $40 billion overnight lift. This rally is being judged by whether alts stop lagging and whether ether can convert resilience into a clean breakout. Bitcoin dominance remains the scoreboard.
