Ether hits US$3,000 as bitcoin’s crypto dominance declines


New winner: The logos of (from left) bitcoin, ether, litecoin and monero are seen on the display of a cryptocurrency ATM of blockchain payment service provider Bity. Ether is up to 15%. — Reuters

NEW YORK: Bitcoin’s domination of total cryptocurrency market value is declining, suggesting room for more than one winner among digital tokens as the sector evolves.

The largest digital currency now accounts for about 46% of total crypto market value of US$2.3 trillion (RM9.4 trillion), down from roughly 70% at the start of the year, according to tracker CoinGecko.

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