Bitcoin's Dominance Remains Strong Amid Rising Interest in Ether

According to Cointelegraph, Michael Saylor, executive chairman and Bitcoin maximalist, remains unfazed by the increasing interest in Ether and other cryptocurrencies. In a recent interview with Bloomberg, Saylor expressed optimism about the burgeoning innovation within the crypto economy, stating that it benefits everyone involved in digital assets. Despite the growing attention towards other cryptocurrencies, Saylor emphasized his unwavering focus on Bitcoin, noting that the majority of capital in the crypto space continues to flow into Bitcoin. At the time of reporting, Bitcoin's market dominance stands at 60.18%, as per TradingView data.Saylor highlighted a significant increase in the number of companies holding Bitcoin over the past six months, rising from approximately 60 to 160. Strategy, the largest public Bitcoin treasury, holds 628,791 Bitcoin, valued at around $74.15 billion, according to BitcoinTreasuries.NET. In comparison, MARA Holdings, the second-largest holder, possesses about 50,639 BTC. Saylor remains confident in Bitcoin's potential, predicting that it will outperform the S&P 500 in the foreseeable future, describing Bitcoin as 'digital capital.'The comments from Saylor come shortly after Bitcoin reached a new all-time high of $123,100 on July 14, before settling at $118,035. Meanwhile, Ether has seen a notable increase, trading at $4,224, marking a 23% rise over the past month. This surge follows predictions from analysts who anticipated a rebound after Ether's decline below $2,000 in March. The price increase is largely attributed to growing institutional interest and demand for Ether ETFs. Cointelegraph reported that the market value of public companies holding Ether has expanded to $11.77 billion, with BitMine Immersion Technologies and SharpLink Gaming leading the charge. BitMine holds 833,100 ETH, valued at $3.2 billion, making it the fourth-largest holder among public companies. SharpLink and The Ether Machine hold $2 billion and $1.34 billion worth of ETH, respectively, with the Ethereum Foundation and PulseChain completing the top five holders.