Major Cryptocurrencies Experience Moderate Rally, While Altcoins Lag Behind

The cryptocurrency market is witnessing a surge in major digital assets, such as bitcoin and ether, which are rising in tandem with US equities as oil prices decline. However, this growth is limited to a select few, with smaller coins failing to participate fully. Bitcoin and ether have seen gains of 5% and 9%, respectively, over the past 24 hours, driven by strong demand from digital asset treasury firms and traders seeking exposure through futures. The perpetual funding rates for both assets are positive but remain below 10%, indicating healthy demand without signs of overheating. Other cryptocurrencies, such as Solana's SOL and XRP, have shown some growth but lack directional clarity. Analysts remain bullish, anticipating that bitcoin will establish a foothold above $74,000-$75,000, paving the way for a potential rally to the $87,000-$90,000 range. However, this growth may require a period of consolidation and cooling off. Select altcoins, such as ZEC, HYPE, and AAVE, continue to experience growth, with HYPE's parent platform, Hyperliquid, gaining market share in the perpetual futures market. Despite this, the broader market has yet to fully participate in the bitcoin rally, with only 51 of the top 100 coins showing similar price behavior. The decline of the dollar index has eased war fears, supporting the bullish case for risk assets.