Bitcoin’s dominance hits highest level since April 2021 as Ethereum suffers Quick Take
Data analysis reveals a noteworthy trend in the crypto market as Bitcoin’s dominance has surged, hitting a fresh year-to-date high above the 54% mark. This is a level unseen since April 2021, highlighting Bitcoin’s increasing hold over the crypto market.
Concurrently, the Ethereum to Bitcoin ratio has sunk to a new low of 0.053, while Ethereum sits above $1,800. This inverse relationship demonstrates how Bitcoin’s growing dominance has potentially impacted Ethereum’s position in the market.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.