Ethereum

<ul><li>Bitcoin dominance surges to 49.8%, reflecting a preference for stability during market uncertainty.</li><li>Ethereum&#39;s bullish sentiment persists with higher funding rates, signaling potential outperformance.</li><li>Investors flee riskier assets such as stablecoins and altcoins, which are experiencing a decline in value underscoring shift towards more established cryptos.</li></ul>Dynamics of the present cryptocurrency market have been shifting following the <a href="https://cryptotale.org/?s&#61;Bitcoin&#43;ETF" rel="noopener noreferrer nofollow">Bitcoin ETF</a> launch, which turned into a &#39;sell-the-news&#39; episode. Attention moves to risk appetite for tokens outside the major cryptocurrencies, with early indications perhaps showing potential outperformance by Ethereum. Glassnode, an analytics firm, in a tweet update, pointed to interesting price action divergences of altcoins with respect to the major cryptocurrencies post the FTX collapse.Notably, BTC&#39;s dominance jumped from 38.9% to 49.8%, portraying investor preference for Bitcoin amidst market uncertainties. Concurrently, ETH’s share in the market dipped to 18.2% from 18.9% , signaling a relative decrease in investor interest compared to BTC. This minor shift indicates Ethereum&#39;s resilience, albeit slightly impacted by the market&#39;s upheaval. However, the more dramatic change is seen in stablecoins and altcoins.Read full article at <a href="ryptotale.org/ethereum-shows-resilience-amidst-bitcoins-surge-in-market-dominance/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ethereum Shows Resilience Amidst Bitcoin's Surge in Market Dominance

CryptoTale

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