What Is Bitcoin Dominance and Why Does It Matter?
Bitcoin dominance is the percentage of the total crypto market capitalisation that Bitcoin represents at any given moment. If the entire crypto market is worth one trillion dollars and Bitcoin is worth six hundred billion of that, Bitcoin dominance is 60 percent. It sounds like a simple statistic, but for sophisticated investors it is one of the most useful sentiment and positioning tools available. It tells you where capital is concentrated, and just as importantly, where it might be heading…
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