Ethereum Gaining Ground Over Bitcoin’s Wobbling Throne

A growing crypto narrative suggests that Bitcoin’s dominance is slipping, with Ethereum on the rise. Bitcoin's market share has dropped to approximately 59.87%, down from around 66% earlier this year. In contrast, Ethereum's share has climbed to 13.62%, fueled by a 51.68% surge in price within just one month. These gains are bolstered by institutional inflows into Ethereum ETFs, supportive regulatory developments, and renewed confidence in Ethereum’s technology. Interestingly, Ethereum co-founder Vitalik Buterin has reentered billionaire status amid this growth spurt.