Bitcoin (BTC) Dominates, Ethereum (ETH) Falls: What Happened?

Jakarta, Pintu News – Ethereum’s (ETH) market dominance has reached its lowest point since July 2020, marking Bitcoin’s (BTC) increasing dominance as the leading cryptocurrency.

This drop comes amid mounting criticism from Bitcoin (BTC) supporters that the Ethereum (ETH) ecosystem is insecure. The massive hacks involving Ethereum (ETH) have amplified this criticism, highlighting the vulnerabilities in its system.

Check out the full news below!

Bybit Hack 22.9 Trillion IDR, Ethereum (ETH) Targeted Again?

Ethereum (ETH) Structural Vulnerabilities and Security Concerns Ethereum’s (ETH) 10.14% dominance reflects ongoing concerns about its security model.

The most recent incident was the $1.4 billion Bybit hack, in which hackers successfully exploited vulnerabilities in Ethereum (ETH)-based contracts. Analysts suspect that North Korea’s Lazarus group was behind this attack, part of a series of exploits that have long plagued the Ethereum (ETH) ecosystem.

The attack caused financial losses and called into question the reliability and security of Ethereum (ETH) as a platform. This adds to the long list of security incidents that have eroded market confidence in Ethereum (ETH), prompting investors and users to seek safer alternatives.

Also read: Trump’s Tariff Strategy Claimed to Reduce Americans’ Tax Burden, Here Are the Facts!

Samson Mow Slams Vitalik Buterin: Hard Fork to Recover Funds?

Fund Recovery Suggestion with Hard Fork by Samson Mow In response to the Bybit hack, Samson Mow sarcastically suggested that Ethereum (ETH) founder Vitalik Buterin restore the blockchain to undo the hack.

Mow reminds us that Ethereum (ETH) had a hard fork in 2016 after the DAO hack, which resulted in a split into Ethereum (ETH) and Ethereum Classic (ETC). Although delivered as a jibe, this suggestion highlights the dilemma Ethereum (ETH) faces in the face of a major hack.

The decision to hard fork is not easy. It can cause more divisions in the community and reduce the long-term integrity of the blockchain.

Read also: Crisis in the Crypto World: AI and Gaming Sectors to Fall the Hardest in 2025!

Bitcoin (BTC) dominance reaches 60%, Ethereum (ETH) falls further behind

Bitcoin (BTC) Strengthens as Ethereum (ETH) Weakens Bitcoin’s (BTC) dominance has surged past 60%, widening the gap as Ethereum (ETH) struggles with declining market confidence.

In the past year, Bitcoin (BTC) has risen by 69.88%, while Ethereum (ETH) has fallen by 21.55%, showing their different paths. The recent $325 billion crypto market drop further confirms Bitcoin’s (BTC) resilience, as the currency has managed to maintain key levels while Ethereum (ETH) continues to weaken.

Bybit CEO Ben Zhou confirmed that the stolen ETH is being laundered through Chainflip and converted into Bitcoin (BTC). This trend reflects a broader movement in the crypto space, where hackers and investors are choosing Bitcoin (BTC) as the primary store of value and escape route from Ethereum (ETH) vulnerabilities.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• CoinChapter. Ethereum Dominance Hits Lowest Since 2020 as Bitcoin Takes Over. Accessed on February 27, 2025
• Featured Image: Bitcoin News