Bitcoin's dominance reached its highest level since April 2021.

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Bitcoin dominance, a measure of Bitcoin's market cap relative to the total market cap of cryptocurrencies, reached a high of 52.7% last week, the highest level in three years since April 2021. Starting on June 22, BTC's market cap was only 48.2%, and immediately after the launch of the ETH ETF on Tuesday, this number quickly rose to 51.9%, and gradually continued to rise within a week. In sharp contrast, ETH has shown weakness in price action. In addition, various Altcoin have also shown considerable weakness against BTC, further pushing BTC's dominance to a three-year high.

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