Bitcoin price rally strengthened BTC’s position as market dominance climbed and altcoins showed early signs of stability, on Wednesday, May 6. The move kept Bitcoin at the center of capital flows across the crypto market, even as overall trading activity weakened.
As of writing, BTC trades at $81,815, marking a 1.33% daily gain. CoinMarketCap data shows a 5.92% weekly rise, while trading volume fell 14.88% to $40.5 billion. The Bitcoin price rally came as investors continued to focus on BTC over the broader crypto market.
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Bitcoin Price Rally Extends From February Low
Analyst Darkfost highlighted in a post on X that BTC has broken above $81,000. The analyst also pointed out a growing dominance of Bitcoin. During the same time frame, altcoins began to stabilize.
BTC’s price has risen approximately 36% from its bottom of Feb. 6. Its market dominance has moved above 61.3%. This is the same level as in November 2025.
The increase indicates that capital is still mostly concentrated on Bitcoin. The Bitcoin price rally also shows that BTC continues to lead broader market movement. Altcoins remained under pressure, though there are some positive data points.
TOTAL3 is also about 15% higher over the same time frame. This index is based on the crypto market, excluding BTC and ETH. The positive gain indicates some parts of the altcoin market have begun to slowly settle.
Binance Altcoins Show Early Technical Recovery
Binance trading listed altcoins also experienced a moderate technical recovery. About 11.7% of them have reclaimed their 200-day moving average. That figure is only 2.3% on February 6.
The improvement is still limited. Nevertheless, it is a downtrend that has been running since October 2025. This is a first sign of recovery for some of the altcoins.
Binance has also seen growing trading volumes on the altcoins. In the last two months, their volume share increased from 31% to 49% when combined with BTC and ETH volume. This showed a slow return of investor interest.
Currently the trend is moderate. Altcoins are starting to attract some flows again. However, the Bitcoin price rally continues to keep BTC in a stronger market position.
Open Interest Rises as Volume Falls
CoinGlass data shows that the future volume is down by 20.81% to $69.75 billion. Open interest rose 2.13% to $64.76 billion. The BTC OI-weighted funding rate is -0.0039%.
The data shows strong Bitcoin positioning and cautious derivatives activity. It also revealed signs of early recovery in the altcoin market. Traders can observe if these signals result in a broader rotation phase.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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