Ethereum Dominates Market As Bitcoin Consolidates

Ethereum’s Price Dominance Surges as Bitcoin Consolidates

Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing significant gains while Bitcoin has been in a consolidation phase following ETF adoption. Currently trading at $2,571, Ethereum’s market valuation has reached $308.97 billion, marking a 1.53% increase. According to Santiment data, Ethereum’s price dominance against Bitcoin has surged by +22.4% in the past week. This period has also seen the creation of 89.4K new Ethereum addresses daily, with a notable spike of 96.3K wallets created just yesterday. This highlights the growing interest and adoption of Ethereum in the market.