© Reuters
NEW YORK – In the dynamic world of cryptocurrencies, (BTC) continues to hold a significant lead over ethereum (ETH) in terms of market capitalization. To date, the market capitalization of bitcoin exceeds 50%, confirming its position as the leading digital currency.
The, which is the second cryptocurrency in terms of market capitalization, has seen its dominance decline to less than 17%. This change in market cap dominance is reflected in the price ratio, which is now 0.051.
Market cap dominance is a crucial metric for investors because it gives an idea of a cryptocurrency’s relative size and impact on the broader market. Bitcoin’s enduring dominance indicates its perceived stability and acceptance by investors as a digital store of value or “digital gold.”
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