In the past year, the leading cryptocurrency, bitcoin, has eclipsed ethereum in multiple key areas. From the beginning of the year to date, the value of ether has diminished by 27.65% relative to bitcoin’s price, falling from 0.073 ether to its current level of 0.052 ether.
Bitcoin Reigns Supreme in 2023, Outpacing Ethereum in Several Metrics
Undoubtedly, the top crypto asset by market capitalization has surpassed the second-ranked digital currency across multiple indicators. As of December 2022’s close, BTC held a market dominance of 40.1%, while ETH’s share stood at 18.4%, per archived data from coinmarketcap.com. Currently, BTC’s market share has surged to 51.5% of the total crypto market value, whereas ETH’s has slightly declined to 16.6%.
Over the previous year, ethereum’s comparative value to bitcoin has diminished. It traded at 0.073 ETH per BTC in December 2022, but as of Dec. 23, 2023, it’s reduced to 0.052 ether — a drop of 27.65%. Currently, bitcoin‘s mark
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