Crypto Market Update: ETH Holds $4,700 While Bitcoin Dominance Tests Multi-Month Support

• Bitcoin dominance held around 57–60%, raising expectations of an altcoin rally.
• Ethereum consolidated above $4,700, testing key support at $4,200 and $3,300.
• Solana, Cardano, and Dogecoin led altcoin gains with weekly jumps of 10–20%.

The crypto market added fresh gains in the past 24 hours, with total market capitalization rising 1.8% to $4.08 trillion. Bitcoin climbed close to $116,000, while Ethereum jumped more than 4% to trade above $4,700.

XRP also moved higher, gaining nearly 4% to $3.16. Among altcoins, Solana and Cardano stood out with weekly gains of nearly 20% and 15% respectively, while Dogecoin surged over 10% in the last day.

Is Bitcoin Losing Its Grip?

However, the market is closely watching Bitcoin’s dominance chart, which is showing early signs of decline. A drop in Bitcoin dominance typically means altcoins are gaining strength.

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