What is the average BTC dominance?

To gauge the significance of Bitcoin within the broader cryptocurrency landscape, we must undertake a straightforward calculation. This involves dividing the market capitalization of Bitcoin by the total market capitalization of all cryptocurrencies combined.

The dominance of Bitcoin is not surprising, given its status as the first and most well-known cryptocurrency. Its resilience, scalability, and widespread adoption have contributed significantly to its continued ascendancy in the digital asset space.

At present, the overall market capitalization of cryptocurrencies stands at an impressive $1.65 trillion, a testament to the rapid growth and widespread adoption of digital assets. This figure encapsulates the collective value of a myriad of cryptocurrencies, each with its unique features and use cases.

Among the various cryptocurrency exchanges catering to investors and traders, BTCC stands out as a top player. BTCC offers a comprehensive suite of services tailored to meet the diverse needs of the cryptocurrency community. These services encompass spot trading, futures trading, and wallet solutions, among others.

When we divide the market capitalization of Bitcoin by this grand total, we arrive at the BTC dominance ratio. This metric provides valuable insights into Bitcoin's relative importance within the cryptocurrency ecosystem.