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Bitcoin’s dominance of the crypto market cap is declining as Ether hits $4,000 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 has reached $4,000 again for the very first time in December 2024, a major milestone this year.

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

  • Analysis says BTC may still be able to stage a short-term but fresh rebound.

EtherETHBitcoin, the cryptocurrency (BTCThe crypto market share of ) fell.

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

Ether “reaccumulation zone” Bulls soar to $4000

Data Source 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.

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 bull market in ETH from 2010 through 2021 is included.

Chart of the Ether Crypto Market Cap dominance over a one-month period. 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 X-Account is ready for an additional ETH price increase.

“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 share of the market fell to below 60.7%, further dithering against a critical support level.

Rekt Capital stated that in further X analyses, dominance can still be reclaimed. traditional peak levels Its ultimate breakdown was around 70% “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 crypto market capitalization dominance 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.