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Bitcoin’s dominance knocked by ETH’s post-Shapella rally

Apr 14, 2023 · 1 min read · 47 points
Bitcoin’s dominance knocked by ETH’s post-Shapella rally
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Bitcoin dominance has retreated from its highest level since July 2021 as Ether rallies following Ethereum’s Shapella upgrade.

Highlights

  • Bitcoin’s market share has retreated from its highest level since July 2021.
  • Ether (ETH) prices have topped the psychological $2,000 level following Shapella upgrade this week.
  • Bitcoin’s market dominance has fallen to 47.7% as Ether (Ether) market share increased.
  • Bitcoin and Ether combined represent around 68% of the total crypto market, according to CoinMarketCap data.
  • The total market cap of the top coins over one month shows a slight increase for ETH and a decrease for BTC.
  • BTC has managed a 2% gain on the day, reaching an intraday high of $30,862 during the April 14 morning Asian trading session.
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