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- 🚨 Gate Alpha Ambassador Recruitment is Now Open!
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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event - 5 Days Left!
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- 📢 Gate has released its latest Proof of Reserves report!
As of July 11, 2025:
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Committed to transparency and user fund security.
📎 Learn more: https://www.gate.com/proof-of-reserves
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
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A strong ETH may indicate that BTC's market share has peaked, with market funds flowing into Ethereum and alts.
Golden Finance reported that crypto analyst Matthew Hyland stated that if the price of Ethereum continues to rise, Bitcoin's market dominance may have peaked. Hyland posted on X platform on Tuesday saying, "If ETH moves into an uptrend against BTC and maintains a strong momentum, the likelihood of Bitcoin's market share peaking is as high as 99%." In the past 7 days, Bitcoin's market share has dropped by 1.85%, and crypto trader Ash Crypto indicated that this is because "funds are flowing into Ethereum and other alts." Generally, an increase in Bitcoin's market share means that investors prefer Bitcoin over alts, while a decrease in dominance may indicate a growing confidence in the broader altcoin ecosystem. Crypto trader Cas Abbe noted that Ethereum is currently in a very clear 'bull flag' pattern and is "approaching a breakout."