The Relationship Between BTC Dominance and Market Cap
Connect and share knowledge within a single location that is structured and easy to search. Trading view btc BTCs dominance index used to hover above 90% in the early stages of cryptocurrency. In recent years, Bitcoin’s dominance index has been slowly declining as seen in the chart above. This can be attributed to factors such as the emergence of new altcoins, current trends, and market movements.
Btcd
BNB’s dominance fell days later when reports surfaced of an IRS investigation into the coin’s parent company, cryptocurrency exchange Binance, over money laundering and tax evasion. The market cap of BNB lost $150 billion within an hour. It has largely recovered. PEPE Rallies 500x As Investors Pile Into New Wave Of Memecoins There are 100 holders of Bitcoin Desert (BTCD), which includes 1 large holders (wallets with more than 12M BTCD)
Bitcoin Whitepaper Removed from Apple Computers Following Belated Discovery
In short, though, it is important to learn how to read the Bitcoin dominance chart. Luckily it is only a click away at CoinMarketCap.com or TradingView. About Market Cap BTC Dominance, % (CALCULATED BY TRADINGVIEW) Bitcoin price has been hovering in the 27k to 30k area since May started. This choppy price action came after Bitcoin’s price declined sharply in April. After covering how we managed that decline in our previous article, along with the importance of focusing on the bigger picture, today we want to share another big picture indicator for Bitcoin price. One that actually sets the tone for what is likely to outperform, Bitcoin or altcoins.