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Ether Hits $3,000 as Bitcoin’s Crypto Dominance Declines

  • Bitcoin’s share of crypto market cap is now under 50%
  • Ether hit record Monday amid gains in other cryptocurrencies
Bloomberg business news
Bitcoin and Ethereum: What's the Difference?Daybreak: Europe.” (Source: Bloomberg)
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Bitcoin’s domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone.

The rise of Ether suggests there’s room for more than one winner among digital tokens as the sector evolves. Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko.