Ethereum’s most recent price rally has eroded Bitcoin’s dominance, representing one of the steeper movements in the crypto space in recent months.
Ethereum moved past $4,000 in recent trading sessions, reaching a high for 2025. Whale transactions and heavier derivatives trading have been the fuel to this price action, according to reports.
Volumes and open interest have also gone up, indicating healthy speculative demand. ETH even surpassed Bitcoin’s percentage appreciation in the previous week, further pushing eagerness up among its fans.
Well Ether is up a bit since I recommed switch it into Bitcoin, but I still think the trade will work out. If fact, it was woring well initially, until Ether just rallied late last week. I have no interest in owning either, but if you put a gun to my head, I’d chose Bitcoin.
Though that tack apparently paid off at first, Ethereum’s late-week surge closed the gap. “I have no interest in owning either, but if you put a gun to my head, I’d pick Bitcoin,” Schiff said on X.
It is still above $100,000, buoyed by spot Bitcoin ETF inflows and corporate treasury buying.
Market share statistics from CoinMarketCap, however, indicate that Bitcoin’s dominance had dropped to 59%, which is 4.90% less from last month.
Ethereum’s share has grown to 12%, up 3.25% in the same period. Altcoins combined have increased their slice to 25%, a gain of 1.50%.
The year low hit 53% during December 2024, which means current levels are still much higher than that low but still trending downwards.
Ethereum, for its part, has continued to consolidate more, nearing the top of its yearly range.
Whether it holds there or not will be a function of institutional positioning, macro trends, and continued trading momentum.
In the meantime, Schiff’s comment made clear that, if threatened, he’d still take Bitcoin over Ethereum — a rare admission from a long-time critic of both.
Featured image from Meta, chart from TradingView
