Bitcoin surged past $81,000 to a 15-week peak as market dominance increased to 58%, with total crypto market cap reaching $2.77 trillion.
Macro & Markets ·
Bitcoin surged past $81,000 to mark a 15-week peak, representing a sharp reversal from its prolonged period below $65,000. The move was accompanied by expanding market dominance, with BTC's share of the total crypto market climbing to 58% on CoinGecko and nearly 60% on CoinMarketCap. Bitcoin's market cap reached $1.6 trillion, while the broader cryptocurrency market added roughly $100 billion in value to reach $2.770 trillion.
The rally unfolded rapidly over several days starting Wednesday, with BTC moving from below $65,000 to $70,000 within hours, followed by continued gains through the weekend despite a minor correction to $75,500. Bitcoin's outperformance against larger altcoins drove the dominance increase, as the asset recovered from its extended consolidation phase.
Several large-cap altcoins also posted gains during the period, including Solana, which surpassed $100 for the first time in months. However, the extent to which these moves reflect broader market momentum or remain concentrated among select assets remains unclear from available data.