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Ethereum Market Cap Plummets $1 Trillion Behind Bitcoin—3 Factors Driving ETH’s 2024 Decline
- Ethereum's market cap has fallen $1 trillion behind Bitcoin.
- Factors driving the decline include declining whale transactions, ETH sales, and slow adoption of ETFs.
- Concerns about centralization following Ethereum's move to Proof-of-Stake are contributing to market struggles.
- Ethereum Foundation has sold off approximately 336,000 ETH over the past four years.
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