What is BTC dominance?

The BTC dominance is a great way to figure out the market trend since it shows how strong a Bitcoin trend is compared to other cryptocurrencies. It can give you more information about the changing markets and when to adjust your strategies. However, this strategy doesn't guarantee that Bitcoin and other altcoins will move as predicted.

What is bitcoin dominance?

Bitcoin dominance, or BTC dominance, is the measure of how much of the total value of all cryptocurrencies is made up of Bitcoin. Its basic principle is that if the dominance of BTC increases, the value of altcoins will decrease. Conversely, if the dominance of BTC decreases, the value of altcoins will increase.

What is Bitcoin (BTC)?

Bitcoin ( BTC) is a digital currency that was first introduced back in 2009. It is based on principles (in a whitepaper) given by Satoshi Nakamoto, an unknown and untraceable individual (or probably a group of people), who is (are) regarded as the creator (s) of Bitcoin.

What is the dominance ratio?

Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrices available. It measures the coin's market cap relative to the overall crypto market - effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins".