Ether Disappointment Has Bitcoin Gaining Crypto Market Share During Downturn
- Ether’s percentage of overall market capitalization has shrunk
- Sentiment shift sends Bitcoin back over 50% of crypto market
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Ether is ceding ground to market bellwether Bitcoin with investors seeking refuge in the most widely-held digital asset while the recent downturn in crypto prices deepens.
The second-largest digital currency by market value has slumped around 18% since June, while Bitcoin was down around half that amount during the same period. Ether dropped as much as 5.4% to $1,639 on Monday, and the original cryptocurrency slipped as much as 2.3% to $27,290.