Just noticed stablecoins have been quietly expanding their market presence lately. Meanwhile BTC is having a solid run, and honestly it seems like the whole Iran situation cooling down is taking some pressure off risk assets. When geopolitical tensions ease up, you typically see this kind of move.

What's interesting is how bitcoin dominance is playing into this. When risk appetite improves, BTC dominance usually shifts as people rotate into alts, but the stablecoin growth is actually supporting the broader market. More stablecoins means more liquidity for trading, which can fuel rallies like what we're seeing now.

The way I'm reading it, bitcoin dominance metrics should tell us a lot about whether this momentum sticks around. If BTC dominance holds steady while alts pump, that's a healthier market structure. But if we see it compress too fast, could be a sign people are getting too aggressive on risk.

Either way, the combination of easing geopolitical fears + expanding stablecoin infrastructure seems to be the recipe right now. Worth watching how bitcoin dominance evolves over the next few weeks to see if this is just a bounce or something more sustained.