Crypto markets are shifting as Bitcoin’s dominance declines, giving altcoins like Ethereum (ETH) and Ripple (XRP) a chance to thrive. Bitcoin has seen a cooling off after a surge, with $457 million in outflows, marking the largest pullback since September.
Between November 1 and December 2, Bitcoin ETFs saw $9.11 billion in inflows, pushing its total assets to $103.91 billion, but Bitcoin dominance dropped from 59.1% to 54.4%.
Investors have shifted their focus to Ethereum, with $634 million in inflows, bringing year-to-date inflows to $2.2 billion. Ethereum ETFs reached $11.13 billion in net assets.
Ripple also saw significant inflows, driving XRP’s price and market cap to new heights. XRP now overtakes Tether (USDT) as the third-largest cryptocurrency, with a market cap of $150.18 billion, amid growing optimism following the upcoming departure of SEC Chairman Gary Gensler in 2025.
Ethereum’s price rose 47.15% in the past month. The global crypto market cap surged 72% since the U.S. election, signaling an altcoin rise. Digital asset investment products saw $270 million in net inflows, reaching a year-to-date total of $37.3 billion, although ETF volumes declined.
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