Bitcoin Market Share Shrinks as Crypto Market Value Grows

Recent data reveals a decline in Bitcoin’s dominance within the cryptocurrency market. Over the past week, Bitcoin’s market share has shrunk by 1.78%, currently reaching 59.4%. Conversely, the total cryptocurrency market value has experienced an increase of 0.31%. Notably, excluding Bitcoin, the market value saw a rise of 3.06% while a wider exclusion of both Bitcoin and Ethereum led to a growth of 1.91%.