Market capitalization share of Bitcoin and Ethereum
Bitcoin dominance: Bitcoin's share of the total market value is often used to measure the market's dependence on Bitcoin. If Bitcoin's market dominance remains at a high level, it generally means that the overall market sentiment is positive and the bull market may continue.
Ethereum dominance: Ethereum also performed strongly during the bull market. If Ethereum's share increases, it means that the demand for application layers such as smart contracts and DeFi is growing.
Currently, BTC's market capitalization accounts for 57.4%, and Ethereum's is 12.1%. In the big bull market of 2021, BTC's share fell to 40% at the lowest, while ETH's share rose to 18.5%. Looking back at the 2021 bull market, BTC's share continued to rise during 2020, and then fell at the top of the bull market, while ETH's situation was the opposite. Similarly, you can also check the trend in 2017.
Today, from the perspective of BTC's share trend, it is constantly increasing, which means that energy is accumulating, and it is impossible to have entered a bear market at the moment.
Daily market analysis and high-quality potential currency recommendations. Long-term irregular recommendations of high-quality individual currencies and market analysis, follow the homepage Qingti and you won’t get lost
