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Bitcoin Dominance: $BTC Dominance Outstripping the Crypto Market Cap

Bitcoin dominance is a metric that measures the relative market share of BTC compared to the rest of the crypto market. It's calculated by dividing Bitcoin's market capitalization by the total market capitalization of all cryptocurrencies.

bitcoinmining cryptocommunity 1/

Bitcoin dominance can range from 0% to 100%. A higher percentage indicates that BTC is taking up a larger share of the market. As you understand this parameter is interesting for subsequent analyses. marketplace tradingpsychology 2/

Bitcoin dominance is important because it provides insight into how much of the crypto market is controlled by BTC. As the first and most popular cryptocurrency, Bitcoin's market dominance can be seen as a measure of its success and influence in the industry.

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It also helps to show how much of the crypto market is being taken up by other coins, and how much potential there is for new projects. But let’s make this simple

so everyone can understand, easily: 😉 4/

To sum up,

- If the BTC dominance is in an uptrend and Bitcoin is in an uptrend, buy bitcoin. - If the BTC dominance is in an uptrend and Bitcoin is in a downtrend, then sell altcoins. 5/

- If the BTC dominance is in a downtrend and Bitcoin is in an uptrend, then buy altcoins. - If the BTC dominance is in a downtrend, and Bitcoin is in a downtrend, then sell Bitcoin. TradingView

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Once the strategy has been determined investors might

identify trading opportunities. I want to emphasize this is NOT financial advice. Don’t consider the statements above as rules or certainties. Just use the Bitcoin dominance as an extra information while you DYOR. 7/

Nobody knows in advance where the prices will go, exactly. Got it? Be always cautious and stay safe. Beware of any price predictions, overall. Whether it's bullish or bearish. Bitcoin SafetyFirst

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Here below the up to date Bitcoin dominance from the website:

Other source:

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BTC Dominance Is Behaving Weirdly, and That’s Sort of Good for CRYPTOCAP:BTC.D by crypto8g
What is Bitcoin Dominance and How It Influences the Way You Trade - Delta Exchange
This post is based on this twitter thread.

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