Bitcoin’s Control Over the Crypto Market Dropped, Ethereum’s Share Doubled in 2021

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The Street

By Vidhi Choudhary The gains from the rising price of bitcoin go to a disproportionately small group of investors, according to a new NBER study. Bitcoin’s lot in the cryptocurrency market fell sharply from 70% to 40% in 2021 and is expected to slide further next year. While ethereum’s stake doubled in the overall market in 2021 with other popular tokens like Binance coin and dogecoin also gaining momentum, according to a media report. Bloomberg first reported this story. Bitcoin’s reign in the crypto market will continue to drop next year “given the explosion of assets in the crypto space and…

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