Bitcoin Market Share to Grow 6% in 2024

According to BlockBeats, Intotheblock data indicates that Bitcoin’s market share has grown 6% year-to-date. Ethereum has seen a modest 0.2% growth over the same period, while Bitcoin has grown roughly 43% over the same time period.

Additionally, the overall market cap of stablecoins has grown at the expense of Ethereum, increasing its share of the combined BTC, ETH, and stablecoin market cap from 7% to 10%. USDT’s market cap has reached an all-time high of $118 billion, which has been the main driver of stablecoins gaining market share from Ethereum over the past six months.