Bitcoin Domiannce

Bitcoin Domiannce

BTC Dominance Explained: What Is Bitcoin Dominance (BTC.D)? (2022)

BTC or Bitcoin Dominance is a very important indicator in the crypto world. Being the first-ever truly digital currency accepted by millions worldwide, BTC dictates the whole shape and direction of the total crypto market cap. Bitcoin Dominance indicates if altcoins are outperforming, underperforming, or performing similarly to Bitcoin. In short, BTC dominance is critical to understand how to read the Bitcoin and other crypto charts.

Market capitalization or market cap is the total value of all coins mined and circulated. It is calculated by multiplying the current market price of a single coin by the number of coins in circulation. Bitcoin dominance, or BTC dominance, is the ratio of bitcoin's market capitalization to the remainder of the cryptocurrency market. It is determined by dividing the entire market capitalization of all cryptocurrencies by the market value of Bitcoin. Bitcoin Dominance is a key indicator that helps crypto traders and investors comprehend the market in relation to Bitcoin.

If the BTC market share increases, usually this means the value of all altcoins will decrease and vice versa. BTC dominance has a direct impact on altcoins since it shows how much of the market's trading volume is in BTC against how much of the market's trading volume is in altcoins. As a result, the overall crypto market cap follows the trend established by the market capitalization of Bitcoin. Published July 13th, - GMT Bitcoin Dominance is a key indicator that helps crypto traders and investors comprehend the market in relation to Bitcoin.

What is The Total Market Capitalization? What is Bitcoin Dominance? What happens when BTC dominance is high? What does it mean if BTC dominance goes down? Subscribe Sign up to our newsletter for exclusive updates and enhanced content. Subscribe Now. Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news.

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Bitcoin is the largest cryptocurrency by Market Capitalization up to this moment. Therefore, it has a huge impact on the crypto market.

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Why is Bitcoin Dominance important?

Bitcoin is the largest cryptocurrency by Market Capitalization up to this moment. Therefore, it has a huge impact on the crypto market. Following the movement of Bitcoin gives you plenty of insightful information. Bitcoin Dominance is one of such indicators that show you the movement of Bitcoin Domiannce. In this article, I will Bircoin you to Bitcoin Dominance and why it is important to acknowledge this useful tool.

Bitcoin Dominance BTC. You can check Domainnce the chart of Bitcoin Dominance on TradingView here. It can be witnessed that whether Bitcoin goes up or down in price, the majority of other cryptocurrencies follow.

Therefore, Bitcoin Dominance, as an imperial indicator of Bitcoin, is important if you want to track Bitcoin Domiannce movement of Bitcoin in general and of the crypto market in particular. In other words, Bitcoin will probably go up in price while that of Altcoins will go down. Bitcoin Dominance is an extremely useful indicator for tracking the market.

Specifically, Bitcoin Dominance will give you signals of how the current market is going, and how you should optimize your Bitcoin Domiannce options. For example, the data Coingecko provides at the moment May 24th, shows that Crypto Market Capitalization is 1.

From there, we can calculate Bitcoin Dominance to be While they are two different indicators, they work in a similar way: Bitcoin Dominance shows Bitcoin Domiannce massive BTC is compared to the whole, while Altcoin Dominance refers to the statistics of Altcoins.

If Altcoin Dominance Bitcoln up, the money is flowing to Altcoins rather than Bitcoin, indicating a possible Alt season. On the contrary, if it goes down, the money is leaving from Altcoins to Bitcoin. Overall, the effects of Bitcoin Bittcoin on the market vary.

We highly recommend you use this infographic as Domuannce reference. There are 3 possibilities following each case. You can combine Bitcoin Dominance with other tools and indicators to improve your trading and Domianncee experience.

As mentioned above, Bitcoin Domiahnce gives you a great Domiannnce of how the market is moving, therefore offering multiple optimal trading options. At the same time, Bitcoin Dominance Money Man Tymb has a chart that Genesis Sky can use to implement technical analysis like any other cryptocurrency.

Dlmiannce you have any questions about Bitcoin Dominance, don't hesitate to leave a comment below. The Coin98 team will answer your questions as soon as possible. Platform Language. Content Language. Quang Phan. What is Bitcoin Dominance? Why is Bitcoin Dominance important? What is Bitcoin Dominance used for?

How to calculate Bitcoin Dominance using data provided by Coingecko. How you should react to the market using Bitcoin Dominance and Bitcoin price as indicators. How you can use Bitcoin Dominance in technical analysis. Follow us:. Bitcoin Domiannce 0. No comment in this page.




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