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 Btcdom in Binance?
The BTCDOM index is a tradeable index offered by Binance that enables traders to get a sense of Bitcoin’s value relative to that of the broader cryptocurrency market . When the market share for altcoins increases, Bitcoin’s dominance loses value, as does the BTCDOM index.
Read moreWhat is BTC D?
Bitcoin dominance (BTCD) is defined as the ratio of Bitcoin’s market capitalization to that of the rest of the cryptocurrency markets. Bitcoin (BTC) is a digital currency that was first introduced back in 2009.
Read moreWhat is the cost of ethereum?
Ethereum Price Chart (ETH/USD) 24 Hour High24 Hour LowMarket Capitalization3,039.92 USD2,921.80 USD357,563,644,519.85 USDEthereum Price Chart (ETH/USD) – bitFlyer bitflyer.com › en-us › ethereum-chart
Read moreWhat is ETH market 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 – for instance, it shows how strong Bitcoin is compared to all the other cryptocurrencies that are not BTC, called “altcoins”.22 Şub 2022
Read more