Where the market sits today (28 Aug 2026)
đ„Total crypto market cap is around $2.8 trillion, with Bitcoin dominance at 57.4% â still roughly 30% below where it was a year ago. The important context: bitcoin fell into a bear market that began last autumn, well below its all-time high of $126,198 hit on 6 October 2025, bottomed near $62,800 in mid-August, and has since ripped higher.
đ„The rally was partly a short squeeze, with over USD 4 billion of bearish positions liquidated, triggered by the US Treasury doubling its purchases of longer-dated bonds.
đ„So you are buying into a violent counter-trend rally after a nine-month drawdown, not into a calm market. That matters more than any coin selection.
What I deliberately left off
đ„Stablecoins (USDT, USDC) â not investments, but the right place to hold dry powder.
đ„ $DOGE , $ADA , $XLM , BCH, LTC â all top-30 by market cap and highly liquid, but I struggle to write an honest fundamental thesis for any of them beyond "high-beta liquidity." If you want beta, more BTC is a cleaner way to get it.
đ„Anything below ~$500M market cap â in a market that just fell 30% year-over-year, illiquidity is the risk that actually ruins people. #Write2Earn NFA and #DYORđą
đ„Total crypto market cap is around $2.8 trillion, with Bitcoin dominance at 57.4% â still roughly 30% below where it was a year ago. The important context: bitcoin fell into a bear market that began last autumn, well below its all-time high of $126,198 hit on 6 October 2025, bottomed near $62,800 in mid-August, and has since ripped higher.
đ„The rally was partly a short squeeze, with over USD 4 billion of bearish positions liquidated, triggered by the US Treasury doubling its purchases of longer-dated bonds.
đ„So you are buying into a violent counter-trend rally after a nine-month drawdown, not into a calm market. That matters more than any coin selection.
What I deliberately left off
đ„Stablecoins (USDT, USDC) â not investments, but the right place to hold dry powder.
đ„ $DOGE , $ADA , $XLM , BCH, LTC â all top-30 by market cap and highly liquid, but I struggle to write an honest fundamental thesis for any of them beyond "high-beta liquidity." If you want beta, more BTC is a cleaner way to get it.
đ„Anything below ~$500M market cap â in a market that just fell 30% year-over-year, illiquidity is the risk that actually ruins people. #Write2Earn NFA and #DYORđą
