Binance BTCDOM Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin . The BTCDOM Index is a metric that traders can use to quickly get a sense of Bitcoin’s value relative to that of the broader cryptocurrency market.
Read moreWhat is dominance Bitcoin?
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 moreWhat is a crypto bear market?
Bear markets are prolonged periods of price drops . While they can be stressful, they are also part of investment cycles. It’s important not to panic and to focus on your long-term investment goals.
Read moreWhat is crypto dominance?
Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets . For many years, while Bitcoin was far and away the largest cryptocurrency – and one of the few in existence – its dominance was much closer to 100% than it is today.
Read moreWhat is BTC dominance index?
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.
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.
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
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