Bitcoin Market Share Soars as ETH/BTC Ratio Drops to 2020 Levels
Bitcoin’s dominance in the crypto market is reaching new highs, with BTC, USDT, and USDC now accounting for roughly 72% of the total market capitalization — a clear sign of investor preference for stability amid ongoing volatility.
BTC alone commands 64.60% of the market, a level not seen since early 2021. This renewed strength comes as macroeconomic uncertainty fuels demand for more established digital assets.
In contrast, Ethereum continues to falter. ETH is down over 50% year-to-date, with its value relative to bitcoin — the ETH/BTC ratio — sliding to 0.01765, the lowest level in more than five years. The data highlights a sharp performance divergence between the two top cryptocurrencies.
Adding to BTC’s momentum, the asset has decoupled from traditional markets. While the S&P 500 has dropped 6% since the start of April, bitcoin has risen 4%, currently trading above $88,000. Ether, meanwhile, hovers near $1,600.
Technical levels to watch for BTC:
- 200-Day Moving Average: $87,965
- 2025 Realized Price: $91,565
- Short-Term Holder Realized Price: $92,385
Traders are eyeing these thresholds closely, as bitcoin historically gains upward momentum after clearing them.
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