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.
Read moreWhat is TOTAL2?
TOTAL2 shows total market capitalization of the top-125 cryptocurrencies, excluding BTC . OTHERS shows total market capitalization of the top-125 cryptocurrencies, excluding BTC and some other top cryptocurrencies.
Read moreWhat happens if BTC dominance goes up?
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 the lowest Bitcoin dominance?
Bitcoin dominance, which measures the cryptocurrency’s market capitalization relative to the total crypto market, dropped to 39.4% Tuesday, the lowest since May 2018.
Read moreWhat does BTC dominance indicate?
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 moreWhy does BTC dominance matter?
Why dominance matters is because market caps of any crypto can change relatively quickly , either due to sudden price changes or a change of recorded trading volume.
Read moreDo Alts go up when Bitcoin goes up?
If bitcoin goes up will the altcoins also go up? Yes . The price of most, if not all, altcoins is highly correlated with the price of bitcoin.
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