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The largest cryptocurrency in the world by market capitalization, Bitcoin (BTC), has reached its peak point, but particularly altcoin investors have their eyes set on Ethereum's cryptocurrency, Ether (ETH). The reason is quite simple: the BTC dominance in the market has somewhat decreased, increasing ETH's share of the pie. Undoubtedly, the other altcoin projects operating on the Ethereum network, which hosts smart contracts, are also expected to gain value in this context, making it the biggest news investors are eagerly awaiting.
BTC's market dominance in the crypto market, which was quite high at 65%, showed signs of decline in recent weeks, while on the other hand, Ether's dominance recorded a slight increase. As these lines were being written, BTC's market dominance had dropped to 60%, and ETH's had risen to 11.3%. It is worth noting that Ether's market dominance was last seen in double digits in February 2025.