Bitcoin surpassed Ethereum in terms of market value and various other indicators in 2023
According to CoinMarketCap data, as of the end of December 2022, BTC's market dominance was 40.1%, while ETH's market dominance was 18.4%.
Currently, BTC's market dominance has surged to 51.5%, while ETH's market dominance has slightly decreased to 16.6%; Bitcoin's market capitalization is as high as $856 billion, while Ethereum's market capitalization is $275 billion, making BTC approximately 3.11 times larger than ETH in terms of market value. The ETH/BTC exchange rate in December 2022 was 0.073 and has dropped to 0.052 on December 23rd, 2023, with a decrease of about 27.65%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Logan: The labor market is gradually cooling, in line with expectations for lower inflation
The U.S. Bureau of Labor Statistics was unable to fully collect October CPI data.
Bernstein Maintains "Outperform" Rating on Figure, Figure's Q3 Revenue Exceeds Expectations by 30%
Trending news
MoreCrypto prices
More
