Let's briefly review the changes in market share over the past few rounds:
2016–2017 Bull Market: At that time, Bitcoin's market share quickly dropped from 80%-90% to 30%-40%. The reason was the rise of Ethereum, coupled with the ICO craze, which led to a proliferation of altcoins that diverted market attention and funds.
2018 Bear Market: The bubble burst, funds flowed back into Bitcoin, and the market share rebounded to 60%-70%.
2020–2021 Bull Market: Bitcoin's market share started at around 70%, but later with the explosion of DeFi and NFTs, along with the rise of projects like BNB, SOL, ADA, and DOT, the market share fell back to 40%-50%.
2022 Bear Market: The market corrected, people became conservative, and funds flowed back into Bitcoin and Ethereum, with the market share rising again to 40%-50%.
Now (2024–2025): Bitcoin's market share has returned to the 60%-70% range.
