Bitcoin Dominance on the Rise Again as BTC Tapped 15-Week Peak Above $81K: Market Watch

POL, INJ, BTW, XMR, and SOL are the top gainers from the alts today.

Bitcoin’s price initiated another leg up in the past several hours, blasting past $80,000 and $81,000 for the first time since the middle of May.

BTC even outperformed many larger-cap altcoins, which resulted in an uptick in its dominance over the market.

Bitcoin Exceeded $81K

It was just a week ago when we were wondering what would be the new (old) thing that we could write about the crypto market, as bitcoin had stalled below $65,000 for a long, long time. However, Wednesday afternoon changed the trend. Whether it was the US Treasury Department’s announcement, the White House Crypto Summit, or something else, BTC exploded out of the gate with force.

It went to $70,000 within a few hours, dipped back to $68,000, and then skyrocketed once again to $75,000 by Thursday. The bulls took it a step further on Friday, helping BTC climb to almost $80,000 for the first time since mid-May.

After gaining $15,000 in days, the asset was due for a correction, which took place during the weekend with a price slip to $75,500. Nevertheless, the bull returned in full force at the start of the new business week, pushing bitcoin to over $81,000 earlier today to mark a 15-week peak.