
Bitcoin held $77,291 and Ethereum gained 2.82% over the weekend, with total crypto market cap at $2.61T. BTC dominance at 59.2% suggests any broader rally still depends on Bitcoin leadership.
Weekend trading in crypto stayed relatively calm, with Bitcoin holding ground near $77,291 and Ethereum showing a modest 2.82% gain. Total market capitalization settled at $2.61 trillion, a level that suggests limited new capital entering the space but also little urgency to exit positions.
Activity over the two days pointed to selective buying in privacy-focused tokens and established layer-1 coins. Zcash led the gainers with a 4.3% rise, while Stellar added 2.7%, Binance Coin climbed 2.2%, and Chainlink finished 2% higher. The moves are consistent with rotation into assets that have clear use cases rather than broad speculative risk, several traders said.
Bitcoin dominance held at 59.2%, a reading that underscores how any broader market recovery still depends on BTC leadership. The weekend session lacked major shocks, allowing traders to digest recent price action. The question entering Monday is whether Ethereum and other mid-tier tokens can sustain their outperformance or whether Bitcoin will continue to dictate direction.
A sustained altcoin rally would likely require BTC dominance to ease while Ethereum holds its weekend gains and other tokens build on that momentum. If dominance stays elevated, traders expect range-bound action rather than a breakout, several market participants said.
Arthur Hayes, co-founder of BitMEX, over the weekend urged investors to buy Bitcoin and gold as the U.S. Treasury boosts debt buybacks, a call that added to the constructive tone. The absence of sharp weekend drawdowns leaves room for a continuation if volume builds early in the week.
Related: Arthur Hayes Urges Investors to Buy Bitcoin and Gold as Treasury Boosts Debt Buybacks
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