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.
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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.
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