Bitcoin Jumps to $81K, Outperforms Alts, Then Eases to $79K

TL;DR

• Bitcoin crossed $81,000 for the first time since May and extended its seven-day gain to roughly 25% before easing back below $80,000.
• Futures positioning remains bullish but restrained, with long takers above 51%, open interest in the low-700,000 BTC range and downside hedging.
• Solana, Virtuals, Stacks, Polygon and Injective posted gains, but Bitcoin dominance rose as several altcoins lagged and total market capitalization reached about $2.77 trillion.

Bitcoin pushed above $81,000 on Tuesday for the first time since mid-May, extending its seven-day gain to roughly 25% before easing back toward $79,000. The move followed last week’s breakout from below $65,000, a weekend pullback to $75,500 and renewed buying at the start of the week. The striking feature is that Bitcoin has begun outperforming many large-cap altcoins even as the broader market continues rising. Its market capitalization climbed to about $1.6 trillion, while dominance increased to 58% on one measure and nearly 60% on another during Tuesday’s increasingly volatile trading session.

… Continue reading the full article at the original source below.