ALTCOINS JUMP AS DOLLAR SLIDES, BITCOIN HOLDS STEADY

Summary from the TLDR Crypto newsletter

The Dollar Index fell to a four-year low, breaking below a 2011 trendline, which supported crypto prices with bitcoin holding near $89,200 and ether topping $3,000. Altcoins significantly outperformed the majors, with the altcoin-heavy CD80 index posting a 3.7% daily gain versus 2.47% for bitcoin-dominant CD20. The altcoin strength reflects typical rotation patterns as bitcoin remains range-bound, with capital flowing to more speculative assets. Despite the upside, derivatives markets saw another $230 million in long liquidations over 24 hours, while put options continue trading at a premium to calls with increased demand for downside hedges at the $85,000 strike.