Bitcoin dominance is the measure of Bitcoin’s market cap relative to the market cap of the rest of the crypto industry . Zuehlke’s Take On Cryptocurrency Market: Zuehlke told CNBC there is an increased interest in other aspects of the crypto industry that represent pushing innovation in the smart contract space.
Read moreWhat does BTC dominance indicate?
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 moreWhy does BTC dominance matter?
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.
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