What Is The BTC.D ?
BTC.D refers to the Bitcoin Dominance index, which is a metric used to measure Bitcoin's market capitalization relative to the total market capitalization of all cryptocurrencies. It shows how much of the overall crypto market value is represented by Bitcoin.
A high BTC.D indicates that Bitcoin is commanding a large share of the market, often suggesting that investors are favoring Bitcoin over altcoins (other cryptocurrencies). A low BTC.D means that the market share of altcoins is growing relative to Bitcoin. This index is often used by traders to gauge market trends and sentiment.
