Bitcoin advances, holds above key technical level that ether, solana can't break through

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin advances, holds above key technical level that ether, solana can't break throughBTC's dominance rate has risen from last week's low, a sign of renewed capital flowing into the largest cryptocurrency as major altcoins struggle.By Omkar Godbole, Shaurya Malwa|Edited by Sheldon Reback Jun 11, 2026, 10:45 a.m. 3 min readMake preferred on What to know: Bitcoin advanced and its market dominance rose to 59%, underscoring renewed investor preference for the largest cryptocurrency as major altcoins lag below key technical levels.Lesser-known tokens BEAT and VELVET have posted explosive gains, over 500% and 800%, respectively.Derivatives data show ongoing long liquidations, muted new leverage, and steady implied volatility, with bitcoin and ether puts trading at a premium to calls as traders hedge rather than bet on a volatility spike around SpaceX’s expected IPO.Bitcoin BTC$63,086.15 rose Thursday, and its share of the total crypto market, its dominance rate, gained alongside a meteoric rise in a lesser-known cryptocurrency.The BTC price advanced 2.4% in 24 hours to trade recently around $62,800. The CoinDesk 20 Index (CD20) added 2.3% to 1,690 and the CoinDesk Memecoin Index (CDMEME) led gains with a 2.7% increase.BTC's dominance rate has risen to 59% from last week's low of 57.9%, a sign of renewed capital flowing into the largest cryptocurrency as major altcoins struggle. The bitcoin price has held its 200-week average even as other majors such as XRP, ether (ETH) and solana (SOL) trade below the key technical line, suggesting strengthening bearish momentum in altcoins.In the wider market, Audiera's BEAT token jumped another 57%, taking the seven-day gain to over 500%. Audiera is a Web3 entertainment and rhythm gaming platform built on BNB Chain that treats AI characters and virtual idols as economic participants.The protocol announced on X that onchain activity is surging, driven by c…

Bitcoin advances, holds above key technical level that ether, solana can't break through

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