Bitcoin's market share in the crypto market increases to 49.85%

According to market data, Bitcoin’s market share rose to a new high since April 2021, tentatively reported at 49.85%; Ethereum’s market share was tentatively reported at 16.6%; USDT’s market share was tentatively reported at 7.22%. Bitcoin’s dominance has steadily increased, and this surge in dominance can be attributed to a year-long rally that has seen Bitcoin’s price soar 81% since the start of the year. The current total market value of cryptocurrency on the entire network is approximately $1.1695 trillion, with a single-day increase of 0.55%.