Bitcoin's dominance in the cryptocurrency market is increasing, reflecting a trend toward safer assets amid market uncertainties. Bitcoin, along with stablecoins USDT and USDC, accounts for a significant portion of the total crypto market capitalization.
Bitcoin's (BTC) market share has risen, reaching levels not seen since early 2021. Currently, Bitcoin is trading around $88,500. This increase suggests a preference for Bitcoin as a store of value during volatile times.
Ether (ETH) is facing challenges, with its performance lagging behind Bitcoin. The ETH/BTC ratio is at a level last observed in early 2020. Ether is currently holding near $1,625.