Ethereum's Shanghai Upgrade Boosts Ether and Challenges Bitcoin Dominance.
TL;DR
Ethereum's rally above $2,000 after the successful Shanghai upgrade has reduced Bitcoin's dominance rate from an almost two-year record high, according to TradingView data. The last time the metric was around the 49% level happened in July 2021, some 21 months ago. Ether's improved performance has reduced Bitcoin's share of the crypto market, and the shift has come after the Ethereum network's long-awaited tech upgrade, also called Shanghai or Shapella, was deployed without a hitch late Wednesday.
Topics:businesscryptocurrency#altcoin-season#bitcoin#cryptocurrency#ethereum#market-dominance#shanghai-upgrade
- Ether’s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High CoinDesk
- Crypto investors face delays in withdrawing funds after Ethereum upgrade Fox Business
- Everything you need to know about Ethereum's big upgrade Markets Insider
- Ether Tops $2K After Shanghai Upgrade, Outshines Bitcoin CoinDesk
- New 'Shapella' upgrade unlocks $31 billion in Ether coins CNBC Television
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