WATCH BITCOIN DOMINANCE 60.60%
Bitcoin (BTC) dominance is a crucial indicator in the cryptocurrency market that measures the proportion of Bitcoin's market capitalization relative to the total crypto market. A high Bitcoin dominance suggests that Bitcoin has a greater influence and represents a larger portion of the total market value, while a low dominance indicates greater interest and growth in altcoins. This indicator is important for understanding market trends, investment decision-making, and portfolio diversification.
What is Bitcoin dominance?
Bitcoin dominance is calculated by dividing Bitcoin's market capitalization by the total market capitalization of all cryptocurrencies and multiplying the result by 100 to obtain a percentage. A high percentage indicates that Bitcoin dominates the market, while a low percentage suggests that altcoins are gaining ground.