Bitcoin’s Reign Shaken by Ethereum’s Mighty Surge! 🚀💰

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Once upon a time, in the whimsical world of cryptocurrencies, a crypto wizard named Matthew Hyland declared that Bitcoin’s reign as the undisputed king of the crypto castle might be coming to an end. If the price of Ether, the magical currency of the Ethereum realm, continues its upward journey, there’s a 99% chance that Bitcoin’s dominance has peaked. 🌟

“If ETH breaks bullish and remains bullish against BTC, there is a 99% chance BTC Dominance has topped,” Hyland proclaimed in a mysterious X post on Tuesday, as if casting a spell over the crypto markets.

“Impossible” for BTC dominance to spike if ETH pattern holds

“It is basically impossible for Dominance to push higher if ETH continues higher against BTC,” Hyland added, with a twinkle in his eye, as if he knew a secret that only a few could understand.

At the time of this tale, Bitcoin’s market dominance — a measure of its share of the crypto kingdom — stood at 63.82%, up 9.89% since the beginning of the year, according to the ancient scrolls of TradingView.

However, over the past seven days, Bitcoin’s dominance had dipped 1.85%, a fact that crypto trader Ash Crypto attributed to “money flowing into ETH & altcoins.” It’s as if the treasure was being redistributed among the lesser-known but equally magical coins.

Bitcoin’s rising market dominance usually suggests that investors favor the golden coin over its lesser-known kin, while a decline might signal growing confidence in the broader altcoin market. It’s like a grand feast where everyone is suddenly interested in the side dishes instead of the main course.

Meanwhile, Ether (ETH) had soared 19.87% over the past seven days, trading at $3,117, according to the enchanted book of CoinMarketCap. Crypto trader Cas Abbe said the asset was at a stage of one of the most obvious bull flag formations, “and it’s getting closer to a breakout.” It’s as if Ether was about to take flight, leaving Bitcoin in the dust.

Bitcoin may consolidate short term

Ether’s relative strength against Bitcoin had spiked almost 10% over the past 30 days, a sign that the winds of change were blowing through the crypto kingdom.

Capriole Investments founder Charles Edwards told CryptoMoon that he expected Bitcoin’s market to cool off after its recent high of $122,884 on Monday, but he believed the uptrend would pick back up toward the end of the year. “I see some consolidation here after the big move, but ultimately higher into year end,” Edwards said, as if predicting the future with a crystal ball.

While TradingView’s Bitcoin Moving Average Indicator signaled the asset was a “Strong Sell,” many crypto analysts predicted much higher for the asset before the year-end. It’s like a rollercoaster ride where the thrill is just beginning.

21Shares crypto research strategist Matt Mena told CryptoMoon that Bitcoin wasn’t likely to enter a downtrend anytime soon, with strong fundamentals supporting its trajectory. It’s as if the golden coin had a magic shield protecting it from the whims of the market.

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2025-07-16 09:21