🔥#Bitcoin has shown strong dominance in the cryptocurrency market.
The ratio of Bitcoin's capitalization to the total crypto market capitalization has reached its highest level in the past 3 years, up to 52.7%.
This is despite the launch of an Ethereum ETF, which is expected to attract investor attention. While Ethereum and many other altcoins dropped in price, Bitcoin recovered strongly after the recent sell-off.
There are many reasons to explain Bitcoin's strong growth: it does not face profit-taking from the #Grayscale fund like Ethereum, and moreover, the Bitcoin ETF has been operating stably for a while, and benefiting from large supporters. Active support of US presidential candidate Donald Trump at the recent Bitcoin Conference.
