#BTCvsMarkets Currently, Bitcoin (BTC) is trading around $92,665, with a slight decrease of 1.1% in the last 24 hours. Its market capitalization is approximately $1.84 trillion, representing 63.6% of the total cryptocurrency market, which amounts to $2.9 trillion.

What is Bitcoin dominance?

Bitcoin dominance is the percentage that represents its market capitalization relative to the total crypto market. An increase in this metric usually indicates that investors are prioritizing BTC over other cryptocurrencies, especially during periods of uncertainty.

Impact on the market

• High BTC dominance: Usually reflects a preference for assets considered safer, which can limit the growth of altcoins.

• Low BTC dominance: Indicates a greater risk appetite, favoring altcoins and potentially initiating an “altseason.”

Currently, with a dominance of 63.6%, the market shows an inclination towards Bitcoin, possibly due to its recent surge above $90,000.

If you are interested in delving deeper into how this dynamic affects specific altcoins or investment strategies, feel free to consult me.