In 2024, Bitcoin is expected to continue leading the cryptocurrency market, outpacing Ethereum, though experts suggest this could change by 2025.
According to analysts at Matrixport, Bitcoin’s market dominance has been impressive, peaking at 61% before slightly dipping to 54%.
Meanwhile, Ethereum has faced a decline, with its dominance dropping from 18% to just 12%, particularly following the introduction of Ethereum spot ETFs.
Despite this setback, Matrixport highlights that Ethereum’s situation could dramatically improve in 2025.
As attention shifts towards Solana in the altcoin market, analysts predict that Ethereum’s prospects may brighten as more traditional financial institutions start to accumulate the token.
This surge in institutional interest, combined with increasing inflows into Ethereum ETFs, could provide a substantial boost, positioning Ethereum to challenge Bitcoin’s supremacy in the near future.
While Ethereum has largely missed out on the 2024 Bitcoin rally, the stage seems set for a potential comeback by 2025.
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
European banking giant UniCredit is preparing to offer its professional clients a new investment product linked to BlackRock’s spot Bitcoin ETF (IBIT), according to a report by Bloomberg.
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.
Connecticut has officially distanced itself from government adoption of digital assets like Bitcoin. On June 30, Governor Ned Lamont signed House Bill 7082 into law, placing sweeping restrictions on how the state and its agencies can engage with cryptocurrencies.