Ethereum followed Bitcoin’s upward momentum, regaining strength after dipping below $3,900 earlier this month. Its recovery to $4,160 placed it back in positive territory. Older altcoins like Zcash (ZEC), Bitcoin Cash (BCH), and Dash (DASH) also rallied, gaining between 6% and 10%. These veteran assets benefited from increased trading activity and a renewed interest from long-term investors seeking stability amid volatility.
Funding rates across major exchanges remain near neutral, suggesting traders are not over-leveraging long positions. Bitcoin’s market dominance now stands at 59.1%, confirming that investors are leaning toward BTC’s perceived safety amid ongoing economic uncertainty.
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