Up to 2017, bitcoin accounted for around 90-95% of all crypto market cap, but that changed suddenly in the early part of 2017 as bitcoin dominance fell from 95% to below 55% by September. By late 2017 bitcoin had reasserted its dominance, shooting back up to 70% of total market capitalisation.
Read moreWhat was Bitcoin dominance in December 2017?
Bitcoin dominance breaks down In just 5 weeks—between December 4, 2017, and January 8, 2018—it dropped from 71% to 35.5% .
Read moreWhat is the lowest BTC dominance?
Bitcoin dominance, which measures the cryptocurrency’s market capitalization relative to the total crypto market, dropped to 39.4% Tuesday, the lowest since May 2018.
Read moreWhat is dominance on CoinMarketCap?
What Is Dominance? The Bitcoin Dominance Index is provided by CoinMarketCap, and keeps track of Bitcoin’s total market capitalization relative to the total market cap of all digital assets . … It is used by traders to monitor sentiment within the crypto market.
Read moreHow do you read BTC D?
BTC Dominance refers to the percentage of market share BTC holds in the cryptocurrency market . As an example to illustrate, if the total market cap of all cryptocurrency is 1 Trillion, and Bitcoin’s marketcap is 300 Billion, than the BTC dominance would be 30%.
Read moreWhat is the BTC dominance?
What Is 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 happens when BTC dominance goes up?
When BTC Dominance goes up, alts, on the whole, lose value against BTC . When BTC Dominance goes down, alts on the whole, gain value vs BTC.
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