Bitcoin’s dominance knocked by ETH’s post-Shapella rally

Ether (

The market share rise in both BTC and ETH has been at the expense of altcoins, most of which have been lackluster during the recent rally of the two top coins.

Bitcoin and Ether combined represent around 68% of the total crypto market. Roughly 10% is stablecoins meaning the other 10,800 or so tokens, as listed on the price analytics platform CoinGecko, have a combined share of just 22%.

Market dominance is calculated by looking at an asset’s market capitalization compared with the total crypto market cap which is currently at an eleven-month high of $1.33 trillion.

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ETH prices have surged 10.25% over the past 24 hours. As a result, the asset tapped an eleven-month high of $2,122 during the April 14 morning Asian trading session according to Cointelegraph data.

Ether momentum has been driven by a successful Shapella upgrade on April 12 which released staked ETH on the Beacon Chain.

BTC has managed a 2% gain on the day reaching an intraday high of $30,862 during the April 14 morning Asian trading session.

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