Cryptocurrencies
Ether Hits $3,000 as Bitcoin’s Crypto Dominance Declines
- Bitcoin’s share of crypto market cap is now under 50%
- Ether hit record Monday amid gains in other cryptocurrencies
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Bitcoin’s domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone.
The rise of Ether suggests there’s room for more than one winner among digital tokens as the sector evolves. Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko.