Bitcoin Dominance

Bitcoin dominance is a key metric in the world of cryptocurrency that refers to the percentage of the total cryptocurrency market capitalization that Bitcoin represents. Understanding how it works and why it's important can provide significant insights into the overall health and direction of the cryptocurrency market. What is Bitcoin Dominance? Bitcoin dominance is a measure of Bitcoin's value relative to the aggregate value of all other cryptocurrencies currently in circulation. It's calculated by dividing the market capitalization of Bitcoin…