Bitcoin and ETH have taken market share from Altcoins, most of which have underperformed throughout their recent runs.
Following the Shapella upgrade this week, Ether prices have surpassed the psychological $2,000 threshold, resulting in a decline in Bitcoin’s market dominance.
According to data from the analysis website btctools.io, Ether’s market share rose to 19.8%, an increase of over 1.1%, in the 24 hours before the time of writing on April 14, while Bitcoin’s dominance declined by less than 1%. Since the beginning of the year, ETH has gained 7.6% of the market share.
Ethereum’s market share has increased while Bitcoin’s has decreased to 47.7%. The post-Shapella ETH rally has reduced BTC’s market share to levels not seen in nearly two years.