Bitcoin just hit $70,800 as oil prices pull back, lifting risk assets. The move comes as traders rotate away from commodities into crypto, with $BTC leading the charge. Short-term holders are seeing gains, but the rally could stall if oil rebounds.

Ether and XRP are lagging behind, showing weaker momentum in the current uptrend. $ETH is struggling to break key resistance, while $XRP remains under pressure from legal uncertainty. This divergence could signal profit-taking into $BTC strength.

If oil stays soft, Bitcoin could test $72K, but altcoins may continue to underperform. Watch for $BTC dominance to rise and for ETH/BTC to weaken further.

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