The dominance of Bitcoin, a measure of its market value compared to the total value of the crypto market, has reached its highest level in three years, reaching 52.7%.
The week of June 22 saw a significant increase, starting at 48.2% and rising to 51.9% after the launch of ETH ETFs on Tuesday.
Despite the hype surrounding ETH, BTC remained strong and recovered quickly after a market-wide decline following the launch of Ethereum ETFs.
Conversely, ETH showed less price stability and other altcoins also struggled against BTC, driving BTC's dominance to a three-year high.