The most important thing about Bitcoin Dominance is that it can help you understand if altcoins are in a downtrend or uptrend against BTC. When BTC Dominance goes up, alts, on the whole, lose value against BTC. When BTC Dominance goes down, alts on the whole, gain value vs BTC .
Read moreWhat is Bitcoin dominance cycle?
The model states that money flows from fiat into Bitcoin, and then down from large caps, through mid-caps to small-cap altcoins before redirecting back to BTC and, ultimately, back to fiat .29 May 2021
Read moreHow do you read Bitcoin dominance?
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.
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