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Crypto traders are in risk-on mode as bitcoin (BTC) dominance nears return to 60%

Crypto traders are in risk-on mode as bitcoin (BTC) dominance nears return to 60%

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 , 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…

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