Bitcoin's market dominance has been on a steady decline since mid-2021. As of now, it stands at 44.4%. Meanwhile, Ethereum's market share has surged, accounting for 18.5% of the total market capitalization. This shift is attributed to the growing adoption of DeFi and NFTs, which are being built on the Ethereum blockchain. Will this trend continue, or will Bitcoin regain its dominance?

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The shift in market dominance is likely to continue as Ethereum's scalability and DeFi/NFT ecosystem continue to grow. This trend may also lead to increased adoption of other altcoins, potentially causing a further decline in Bitcoin's market share.