Bitcoin drifts while Ethereum and others rally

Key takeaways:

• 🚀 Altcoins rally: Maker (MKR) up over 13% in 24 hours.
  
  
• 🔄 ETH vs BTC: Ethereum has notably outperformed Bitcoin over the past 30 days.
  
  
• 📊 Macro data incoming: Investors await US jobs data (Friday), China inflation (Monday), and US CPI (Wednesday).
  
  
• 🧭 Risk-on sentiment watch: Global markets remain sensitive to trade and inflation trends
  
  

The altcoin markets have come back to life this morning, posting solid price gains of between 3% and 6%. Notably, Maker (MKR) is up over 13% in the past 24 hours. Ethereum (ETH) has jumped more than 4%, decoupling from Bitcoin (BTC) at around 11am UTC and extending its recent dominance. Over the past 30 days, ETH has outperformed BTC by a wide margin, up more than 40%, while Bitcoin has climbed just over 10%.

While altcoins catch a bid, broader investor participation still seems cautious. Bitcoin investors appear to be sitting on the sidelines during this latest leg up, likely waiting for key macroeconomic signals this week and next. US nonfarm payrolls data, due Friday, could shape expectations around consumer resilience and Fed policy. On Monday, investors will be watching Chinese inflation numbers closely for signs of pressure, an indicator of how recent US trade tariffs may be affecting demand in the world’s second-largest economy. US CPI follows next Wednesday and could be pivotal in setting the tone for risk assets.

Risk-on markets like crypto and equities have historically shown high sensitivity to inflation, trade, and monetary policy signals. Despite the crypto market’s recent detachment from equities, those macro threads could still play a decisive role in sustaining or stalling this momentum.

Will Ethereum and altcoins continue their outperformance streak? Or will Bitcoin reassert its dominance? The big question remains: where will the next catalyst emerge to fuel another leg higher?

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In the markets… 

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🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalisation is approximately $3.3 trillion, reflecting a 1.19% increase over the last 24 hours. 

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🟠 Bitcoin (BTC) ⬇️

Price: Currently trading at around $105,211 marking a 0.14% decrease in the last 24 hours.
Daily high: Approximately $106,443
Daily low: Approximately $103,977

📈 S&P 500 ⬆️

The S&P 500 index is up by about 0.41% since yesterday. 

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😐 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 57/100, indicating a neutral sentiment among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is approximately 51, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.

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Data is correct as at 07:28 GMT

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‍Post Script…

Richard Teng on X: "The tide has turned. The SEC’s case against us is dismissed - justice, finally. Huge credit to Chairman Atkins and the Trump administration for standing up to regulatory overreach. The U.S. is back in the arena, ready to lead the world in blockchain innovation." / X

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BitcoinOS on X: "Litecoin is coming home to Bitcoin. 🟠🤝⚪️ BOS is officially activating @CharmsDev and ZK rollups on @litecoin, bringing its magical, programmable tokens and *bridgeless* bridging to Bitcoin’s silver twin. The UTXO renaissance is real—and it's uniting the old guard. 🧵👇 https://t.co/copF0S10k0" / X

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Conor McGregor on X: "I want to build on the amazing feats president @nayibbukele has achieved in El Salvador. Germany dropped the ball - Ireland will not. Using crypto, I plan on establishing a decentralised blueprint for sovereignty. One that others can also adopt to reclaim their nations. I" / X

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KULA on X: "Most projects launch first and worry about regulations later. Kula did the opposite. We built with compliance from day one. Legal frameworks, KYC, AML, all baked in, because real assets require real structure. That’s what makes Kula different. https://t.co/r8uopFwqcx" / X

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Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.

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