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TechFlow reported, according to monitoring by crypto service provider Matrixport, Bitcoin's dominance has surged above 50%, reaching its highest level since April 2021. Meanwhile, Ethereum is struggling with price declines, weakening fundamentals, and a lack of updates regarding the EIP-4844 upgrade, causing its market share within the cryptocurrency ecosystem to drop to 17.7%.
According to monitoring by crypto service provider Matrixport, Bitcoin's dominance has surged above 50%, reaching its highest level since April 2021, while Ethereum struggles with price declines, weakening fundamentals, and a lack of updates regarding the EIP-4844 upgrade, causing its market share within the cryptocurrency ecosystem to drop to 17.7%.
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