$BTC

Bitcoin, the first and most well-known cryptocurrency, continues to dominate the digital asset market. Despite the emergence of thousands of altcoins, Bitcoin maintains its significance and influence.

What is Bitcoin dominance?

Bitcoin dominance is an indicator that reflects the share of Bitcoin's market capitalization in the total capitalization of the cryptocurrency market. It is measured in percentages and shows how much Bitcoin surpasses other cryptocurrencies in value.

This asset was the first cryptocurrency, giving it a significant advantage. It has the highest recognition and acceptance among investors. Its limited supply and decentralized nature make it an attractive asset.

Bitcoin has the highest liquidity among all cryptocurrencies. This facilitates buying and selling, making it the preferred asset for traders. Price movements of BTC often set the tone for the entire cryptocurrency market.

It is important to note that Bitcoin dominance can fluctuate depending on market conditions and the development of the crypto space.