Bitcoin climbed back above $86,746 overnight as traders awaited the US jobs report, and bitcoin dominance moved closer to 60%. The US equity session has just opened, and here is where BTC and ETH actually stand right now.
What actually happened
As of 13:10 UTC, Bitcoin (BTC) trades at $86,746, up +3.83% over 24 hours, after swinging between a 24-hour low of $83,607 and a high of $87,027. Volume over the past day reached $41.56 billion, with a market capitalisation of $1.74 trillion, per CoinGecko. Ethereum (ETH) trades at $2,753, up +2.42%, ranging between $2,674 and $2,768 over the same period. ETH's 24-hour volume is $16.30 billion, with a market cap of $336.33 billion. Overnight, US stock index futures gained as oil fell more than 3% and yields eased from recent highs, according to CoinDesk. Markets are awaiting a key US jobs report.
How we got here
Bitcoin dominance is closing in on 60%, while USDT's share has slipped to 6.3%, a shift CoinDesk ties to traders growing more comfortable with risk. The move comes as broader markets brace for the US jobs report, a release that often sets the tone for risk assets. Crypto has tracked equity futures, oil and yields closely this morning.
Why this matters for you
For holders, today's prices mark a recovery from overnight lows near $83,607 for BTC and $2,674 for ETH, though the US session just opened. Rising dominance suggests capital may be consolidating into Bitcoin rather than spreading into altcoins or stablecoins. For builders and traders, crypto is moving with equities, oil and yields this morning, not in isolation.
The bigger question
Bitcoin dominance is nearing 60% as traders rotate away from stablecoins and altcoins. If that threshold is crossed, does it show the market trusts Bitcoin more, or that it trusts everything else less? Past dominance peaks have coincided with both strength and risk aversion, so the signal is not obvious yet.
What to watch
A key US jobs report is due this week and could move both equities and crypto. Traders will watch whether BTC holds above $86,746 and whether dominance crosses 60% in the sessions ahead. Oil's sharp pullback and easing yields remain worth tracking as the day continues.
This article is information, not financial advice. Prices are a snapshot and change constantly. Nothing here is a recommendation to buy or sell any asset. Do your own research.
