Peter Schiff Declares Preference for Bitcoin Over Ethereum Amid Price Rally

Ethereum's recent price rally has reduced Bitcoin's market dominance. Both cryptocurrencies have shown growth, but Peter Schiff expressed a preference for Bitcoin over Ethereum.

Key Highlights

Ethereum surpassed $4,000, reaching its highest level for 2025, driven by whale transactions and increased derivatives trading.
Volumes and open interest indicate healthy speculative demand for ETH.
Bitcoin remains the largest cryptocurrency by market capitalization, currently above $100,000, supported by spot Bitcoin ETF inflows and corporate treasury investments.
Bitcoin's market dominance decreased to 59%, down 4.90% from last month, while Ethereum's share grew to 12%, up 3.25%.
Altcoins combined now account for 25% of the market, a gain of 1.50%.
Bitcoin's dominance peaked at 65% on June 27, 2025, before retreating.
Current Bitcoin dominance is higher than its December 2024 low of 53% but still trending downward.

Schiff's comments reflect a shift in sentiment; he would choose Bitcoin if forced, despite previously recommending investors switch to it.