Bitcoin surpassed Ethereum in terms of market value and various other indicators in 2023
According to CoinMarketCap data, as of the end of December 2022, BTC's market dominance was 40.1%, while ETH's market dominance was 18.4%.
Currently, BTC's market dominance has surged to 51.5%, while ETH's market dominance has slightly decreased to 16.6%; Bitcoin's market capitalization is as high as $856 billion, while Ethereum's market capitalization is $275 billion, making BTC approximately 3.11 times larger than ETH in terms of market value. The ETH/BTC exchange rate in December 2022 was 0.073 and has dropped to 0.052 on December 23rd, 2023, with a decrease of about 27.65%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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