In April 2021 , the Bitcoin market cap reached an all-time high and had grown by over 1,000 billion USD when compared to the summer months. The market capitalization decline since that moment, reaching roughly 600 billion U.S. dollars in June 2021.
Read moreWhat does market cap dominance mean?
Bitcoin dominance is the ratio between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market . When we compare this ratio to the trend of Bitcoin itself, we can learn more about what opportunities the current market environment offers.27 Kas 2021
Read moreWhat is dominance of Bitcoin?
Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin . It can help you understand the trend of BTC and alts. See the current Bitcoin dominance.
Read moreWhat is market cap dominance in crypto?
Market capitalisation is an indicator that measures and keeps track of the market value of a cryptocurrency . Market cap is used as an indicator of the dominance and popularity of cryptocurrencies. Though this metric is widely used, more information before making trading decisions is recommended.
Read moreWhat is dominance in CoinMarketCap?
What Is Dominance? The Bitcoin Dominance Index is provided by CoinMarketCap, and keeps track of Bitcoin’s total market capitalization relative to the total market cap of all digital assets .
Read moreWhat is Altcoin dominance?
Within the crypto world, this so-called “dominance” ratio is one of the oldest and most investigated metrices available. It measures the coin’s market cap relative to the overall crypto market – effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called “altcoins”.
Read moreHow does Bitcoin dominance affect altcoins?
Interestingly, Bitcoin dominance is often affected by the so-called “alt seasons”, in which altcoins gain market share relative to Bitcoin, thus reducing Bitcoin’s dominance . Note, however, that Bitcoin dominance is not always directly affected by bull or bear markets because it is a ratio, not an absolute term.
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