BTC Rally Drives Bitcoin and Stablecoins to Over 70% Share of Crypto Market -

Bitcoin Extends Lead as ETH/BTC Ratio Sinks to 5-Year Low

Bitcoin’s (BTC) dominance over the crypto market continues to deepen, signaling a shift in investor sentiment toward stability and established assets.

Together with top stablecoins Tether (USDT) and USD Coin (USDC), bitcoin now represents approximately 72% of the total cryptocurrency market cap — a level not seen in recent years. This growing concentration at the top reflects increasing market consolidation as capital flows into assets viewed as more secure during uncertain times.

BTC’s individual market share has climbed to 64.60%, briefly reaching levels last seen in January 2021. The rise points to growing investor preference for bitcoin as a macro hedge and a relative safe haven within the digital asset landscape.

Ethereum (ETH), in contrast, has been hit hard in 2025, with its price down more than 50% year-to-date. The ETH/BTC ratio has dropped to 0.01765, marking its lowest point since early 2020 — a clear indicator of ETH’s underperformance relative to bitcoin and the growing disparity between the two.

The divergence extends beyond crypto. Since early April’s “Liberation Day,” the S&P 500 has fallen 6%, while BTC has climbed 4%, showcasing bitcoin’s resilience amid broader market weakness. As of now, bitcoin is trading above $88,000, while ether lingers just above $1,600.

Technical Markers to Monitor for BTC Momentum:

Bitcoin is currently hovering near several important price levels that could dictate its next move: