Bitcoin Market Cap Drops as Ether Price Hits $4000 Again

The following are key points.

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

• Ether’s price continues to rise, as it takes market share away from Bitcoin.

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

EtherETHBitcoin () reached $4,000 on Friday for the first day in 8 months.BTC() has lost its market capitalization share.

Ether “reaccumulation zone” Bulls soar to $4000

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

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.

🔥 NOW: $ETH Refund of $4,000. pic.twitter.com/LorYt6ZgSr

— Cointelegraph (@Cointelegraph) August 8, 2025

Rekt Capital, a popular analyst and trader, was one of those who reacted to the news.

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

A chart comparing current prices to the previous bull run of ETH through 2021 is shown.

CasAbbe summarized the recent massive purchases by popular traders.

$ETH The company continues to perform better than its competitors $BTC 🚀

A whale purchased 10.4K ETC worth $40.5 Million via OTC today.

Fundamental Global Inc. submitted a shelf offering of $5 billion yesterday to buy additional ETH.

The $4K resistance to ETH isn’t going to last long. pic.twitter.com/Zjsw1xhStS

— Cas Abbé (@cas_abbe) August 8, 2025

Lookonchain’s analytics tool tracked whale trades, aiming to take advantage of Ether relative strength.

You can also read about the advantages of using $ETH Whale 0xaf6c bought 1 390 for $4,000 $WETH(5.56M $) at $4,000.

The deposit was made in the amount of 1,390 $WETH into Aave, borrowed 52.83 $WBTC(6.17) Million dollars from #AaveIt was worth 1,539 $WETH($6.17M).https://t.co/kvuHUiE6C2 pic.twitter.com/8lAwv4BA3F

— Lookonchain (@lookonchain) August 8, 2025

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.”

Bitcoin dominance faces “inevitable” decline

Bitcoin’s dominance in the market has been rapidly slipping as a result of altcoins’ struggle to gain supremacy.

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, again playing dice with other currencies. 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.”

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.