Bitcoin Gains Market Share Above 50% as Ethereum and Altcoins Disappoint

Bitcoin Continues to gain market share as Ethereum Futures ETF launch fails to gain traction for ETH price to rally further.

As Ethereum and other altcoins have been ceding ground, Bitcoin’s share in the overall crypto market has shot past 50%, up from 38% at the start of 2023.

Bitcoin’s superior performance compared to alternative cryptocurrencies has strengthened its historical reputation as a safe haven asset, or at the very least, a valuable diversification option for traditional market investments. #trading #crypto #DeFiChallenge