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.
Read moreWhat does BTC D mean?
Bitcoin dominance (BTCD) is defined as the ratio of Bitcoin’s market capitalization to that of the rest of the cryptocurrency markets.
Read moreWhat is BTC D index?
The Bitcoin Dominance Index is a metric that traders can use to quickly get a sense of Bitcoin’s value relative to that of the broader digital currency market . This index, offered by CoinMarketCap, measures Bitcoin’s market capitalisation (market cap) compared to the overall market for these digital assets.
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