If we look at the summative market capitalizations of all the existing cryptocurrencies, then we can arrive at a total market cap valuation for the entire cryptocurrency space. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets .
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What Is Bitcoin Dominance? Bitcoin dominance is the ratio between the market capitalizationThe market capitalization (or market cap) of a cryptocurrency is a measurement of its market value. In other words, it… of Bitcoin to the total market cap of the entire cryptocurrency market.
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The Bitcoin dominance ratio is a tool that traders have recently incorporated to help them spot differences in general market conditions between Bitcoin and all of the other coins. When utilized correctly, Bitcoin (or BTC) dominance can help you determine if trading altcoins is a stronger trend than trading Bitcoin .27 Kas 2021
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Bitcoin dominance is consolidating between the 2h demand around 43.25% and the resistance at 43.4% . It will either move up towards the level of equal highs at 44.3% potentially taking them out or it will retest the 4h demand at 42.5%.
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Bitcoin dominance is the ratio between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market .27 Kas 2021
Read moreWhat is the dominance of BTC?
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.
Read moreWhat is BTC dominance in Tradingview?
Bitcoin dominance is the difference in percentage between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market .
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