In 2024, Bitcoin’s market dominance grew from 50.3% to 56.8%, solidifying its lead in the 3.29 trillion USD crypto economy. This growth was fueled by significant contributions from BTC-based NFTs and DeFi, attracting both institutional and retail investments.
Ethereum’s share fell from 16.6% to 12.2% in 2024, showcasing its struggle against Bitcoin’s ascending influence. The value dropped to 0.03537 BTC from 0.0686 BTC. In contrast, XRP climbed to become the fourth-largest in market presence, demonstrating its resilience amid these shifts.