Bitcoin Dominance Declines as Ethereum Gains Strength
The cryptocurrency market rebounded Thursday morning, with Bitcoin nearing the $100,000 mark.
Bitcoin ( $BTC ) rose 2% in the last 24 hours, reaching $96,410, while Ethereum ( $ETH ) and Solana ( $SOL ) posted gains of 5% and 2%, respectively. The total crypto market capitalization climbed to $3.44 trillion.
Bitcoin briefly surpassed $97,000, sparking social media discussions about the potential to hit the historic $100,000 milestone. However, its market dominance, which measures BTC's share of the total market value, has dropped from its recent peak of 61.5%.
