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BITCOIN DOMINANCE
What is Bitcoin Dominance?
Bitcoin Dominance indicates the proportion of Bitcoin's market value compared to the overall market value of all cryptocurrencies. Essentially, it shows how much of the crypto market Bitcoin controls in terms of market share.
Monitoring Bitcoin dominance is vital for grasping the ever-changing cryptocurrency market. Since Bitcoin is the most prominent cryptocurrency, its performance usually influences market trends and moods. By watching Bitcoin's dominance, investors can gain key insights into market movements, spot investment chances, and evaluate the market's overall condition.
Bitcoin Dominance indicates the proportion of Bitcoin's market value compared to the overall market value of all cryptocurrencies. Essentially, it shows how much of the crypto market Bitcoin controls in terms of market share.
Monitoring Bitcoin dominance is vital for grasping the ever-changing cryptocurrency market. Since Bitcoin is the most prominent cryptocurrency, its performance usually influences market trends and moods. By watching Bitcoin's dominance, investors can gain key insights into market movements, spot investment chances, and evaluate the market's overall condition.
