Bitcoin Market Share Rises 6% in 2024

According to BlockBeats, data from Intotheblock indicates that Bitcoin's market share has increased by 6% year-to-date. Ethereum has seen a modest rise of 0.2% in the same period, while Bitcoin has surged approximately 43% during this time frame. Additionally, the total market capitalization of stablecoins has grown at the expense of Ethereum, increasing their share of the combined market capitalization of BTC, ETH, and stablecoins from 7% to 10%. USDT's market capitalization has reached a historic high of $118 billion, which has been the primary driver of stablecoins gaining market share from Ethereum over the past six months.