Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
Source: CoinDesk ·
From the source
Bitcoin dominance is closing in on 60% while USDT's has slipped to 6.3%, pointing to a market growing more comfortable with risk. Crypto is a sea of green ahead of Friday's U.S. jobs report. Bitcoin traded above $86,000 at 9:10 UTC, up 3.4% over 24 hours. Ether ETH $2,749.68 , XRP (XRP), solana (SOL) and BNB also rose, though none kept pace with bitcoin. The bigger moves came further down the list. SKY, AAVE and APT jumped 7% to 10%, making them the best performers among the 100 largest coins by market value. Bitcoin's dominance, or its share of the total crypto market, is closing in on 60%. Meanwhile, the share held by USDT, the largest dollar-pegged stablecoin, slipped to around 6.3%, suggesting traders are moving out of cash and into tokens. These two gauges point to a market growing more comfortable with risk. The nonfarm payrolls report, due at 8:30 a.m. ET, is expected to show the U.S. economy added 90,000 jobs in September, down from 162,000 in August. The unemployment rate is…