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Bitcoin Market Cap Drops as Ether Price Hits $4000 Again

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Solo Bitcoin Miner Wins $350K Block With 2.3 PH Setup
Solo Bitcoin Miner Wins $350K Block With 2.3 PH Setup

The following are key points.

  • Ether reaches $4,000 in the key milestone of the year for the first since December 2024.

  • Ether is continuing to take market dominance away from Bitcoin.

  • BTC’s recovery could be short lived, but still fresh.

EtherETHBitcoin, which is a cryptocurrency (BTCThe crypto market share of ) fell.

ETH/USD one-hour chart. Source: Cointelegraph/TradingView

Ether “reaccumulation zone” As bulls rise to $4,000

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView Bitstamp showed that ETH/USD reached $4,012.

The pair, which gained around 1.7% in one day, made 2025 history by breaking the psychological barrier, currently under $900 away from the new highs.

Rekt Capital is a well-known trader and analyst who has been watching the market closely.

“Ethereum Dominance is already ~50-60% of the way in its Macro Uptrend,” The calculation was made in an X post.

The chart compares the current price to that of the bull market in ETH from 2021.

One-month Ether market capitalization chart. Source: Rekt Capital/X

Cas Abbe, a popular trader who summarized recent large-scale transactions, also noted that Ether is still preferred by investors over BTC.

Lookonchain, an analytics resource, tracked whale transaction to try and capitalize on Ether’s relative strength.

The Exchange Order Book Data includes a “massive wall of long liquidations” TheKingfisher is primed to further increase the ETH value.

“This is what smart money hunts,” Part of the accompanying X commentary read.

“Most traders see a dump, we see a re-accumulation zone waiting to get fueled.”

Chart of ETH order book liquidity. Source: TheKingfisher/X

Bitcoin dominance faces “inevitable” decline

Bitcoin’s dominant market share has fallen rapidly as altcoins have been battling for dominance.

Related: Bitcoin Energy Value metric says ‘fair’ BTC price is as much as $167K

Bitcoin’s market share dropped below 60.7% for the second day in a row, indicating that it is once again playing dice with the a critical support level.

Rekt Capital stated that in further X analyses, dominance can still be reclaimed. traditional peak levels Around 70% of its final breakdown was “inevitable.”

“And once that long-term technical uptrend is lost, BTC Dominance will transition into a long-term technical downtrend,” He forecast.

“And the long-term downside target would be a crash down into the low ~40%, maybe high 30% region.”

Bitcoin cryptocurrency market cap dominance on a one-day basis chart. Source: Cointelegraph/TradingView

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.