Major Cryptocurrencies Experience Moderate Growth as Broader Market Participation Remains Limited

The cryptocurrency market has seen notable gains, with major assets like bitcoin and ether rising alongside US equities as oil prices decrease. However, the broader market remains cautious, with only a few coins experiencing significant growth. Bitcoin and ether have seen increases of 5% and 9% respectively over the past 24 hours, driven by strong demand from digital asset treasury firms and traders seeking bullish exposure. Perpetual funding rates are positive but remain below 10%, indicating healthy demand without signs of overheating. Other coins like Solana's SOL and XRP have shown limited directional clarity. Analysts remain bullish but are waiting for bitcoin to establish a foothold above $74,000-$75,000 to pave the way for further growth to the $87K-$90K range. The need for consolidation above $73k to $74k without funding overheating is stressed by analysts. Select altcoins and memecoins continue to rally, with some decentralized platforms gaining share in the perpetual futures market. However, the broader market has yet to fully participate in the bitcoin rally, with only 51 of the top 100 coins showing bullish signals. The decline of the dollar index supports the bullish case in risk assets, and technical indicators like the Ichimoku Cloud suggest potential for further gains if prices move above it.