Ether’s dominance is at 19.78%, the highest it has been since May 16.
Within two hours of the State Council statement, BTC fell 11%, based on CoinDesk 20 data.
Some see ether and bitcoin now behaving as very separate assets, which normally isn’t the case.
DeFi and the prospect of trading futures have crypto investors scooping up ETH.
Bitcoin’s price hit a 2020 record as ether’s share of the market dips.
Bitcoin’s price is dipping while ether’s share of the crypto market is at a level not seen since 2018.