Bitcoin Declines Under Pressure from Ethereum’s Surge

Bitcoin experienced a pullback during Thursday’s trading session, stepping back from its peak levels since February 2025. The earlier surge was fueled by optimistic remarks about the future of cryptocurrencies delivered at the Bitcoin 2025 annual conference.

Investor interest appears to be shifting toward lower-valued cryptocurrencies, driven by economic cycle factors influencing digital asset markets. Ethereum’s recent gains have added downward pressure on Bitcoin, with market commentary highlighting Ethereum’s potential to outshine other cryptocurrencies, such as Solana, in the coming years. This optimism stems from the technological advantages of Ethereum’s blockchain networks, which are seen as superior to competing platforms.

Analysts suggest that Bitcoin, the largest cryptocurrency by trading volume, is declining due to capital rotation dynamics, where market cycles favor shifts between asset classes. These dynamics currently give Ethereum an edge.

On Thursday, Bitcoin fell to $105,925 per unit, down from the previous day’s close of $107,811. The world’s most widely traded cryptocurrency reached an intraday high of $108,924 but also touched a low of $105,663 during the session.