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What Does Bitcoin Dominance Indicate

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It marks the beginning or end of altcoins season. Bitcoin dominance is an extremely important parameter for traders and investors. What Is Bitcoin Dominance Total market capitalization is 14874 b. What does bitcoin dominance indicate . During prolonged market shifts it can also highlight whether demand for Bitcoin is staying above that of the cryptocurrency market average. The Bitcoin Dominance Index or Bitcoin Dominance Ratio is an indicator that traders can use to quickly get a feel of Bitcoinsvalue relative to that of the whole cryptocurrency market. The most important thing about Bitcoin Dominance is that it can help you understand if. Therefore the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. This video and its contents are for informational purposes only and do not constitute an offer to sell or trade a solicitation to buy or recommendation for any security cryptocurrency or related product n

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