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 does BTC dominance tell us?
The Bitcoin dominance ratio is a tool that traders have recently incorporated to help them spot differences in general market conditions between Bitcoin and all of the other coins. When utilized correctly, Bitcoin (or BTC) dominance can help you determine if trading altcoins is a stronger trend than trading Bitcoin .27 Kas 2021
Read moreWhat does market cap dominance mean?
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 moreWhat is dominance of Bitcoin?
Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin . It can help you understand the trend of BTC and alts. See the current Bitcoin dominance.
Read moreWhat is market cap dominance in crypto?
Market capitalisation is an indicator that measures and keeps track of the market value of a cryptocurrency . Market cap is used as an indicator of the dominance and popularity of cryptocurrencies. Though this metric is widely used, more information before making trading decisions is recommended.
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