Glossary - ChicksX

Bitcoin Dominance is the percentage of Bitcoin's market cap relative to the total cryptocurrency market capitalization.

Bitcoin Dominance is the metric that indicates Bitcoin's market capitalization as a percentage of the entire cryptocurrency market capitalization. It reflects Bitcoin's influence and market share within the crypto ecosystem. A high dominance suggests Bitcoin is outperforming altcoins, potentially indicating investor confidence in Bitcoin. Conversely, a low dominance may indicate rising interest in altcoins or new blockchain projects. Traders and investors often use Bitcoin Dominance to gauge market trends and sentiment. Understanding this metric can help assess market dynamics and make informed decisions in crypto investments and trading strategies.