Market Structure: Bitcoin Reasserts Dominance Amid Broad Rally
Bitcoin dominance expanded 203 basis points over 48 hours, rising from 56.65% to 58.68%—a meaningful shift that reflects capital rotating into the largest cryptocurrency during a period of sentiment improvement. The total market cap expanded $162 billion to $2.46 trillion, with 24-hour volume nearly tripling from $50.5 billion to $155.6 billion, indicating heightened conviction behind the move.
Ethereum dominance gained modestly, up 160 basis points from 10.07% to 11.23%, suggesting ethereum captured some of the inflow but underperformed bitcoin's relative strength. This pattern typically emerges when macro risk appetite improves but remains cautious—large-cap assets attract capital ahead of smaller-cap plays.
