Bitcoin dominance hit a fresh 7 month high today as it breached the november 2020 highs to hit the 68 level. That all crypto influencers and channels told you to exit from altcoins but i single told you to enter.
What it means is that bitcoin is likely to start retracing while the altcoins market starts to grow.
Bitcoin dominance data. 171 140 892 580 btc dominance. This is great news as bitcoin has been hugging all the energy all the. What does this mean.
When btc d goes low altcoins go high. When btc d goes low altcoins go high. Since it is the largest cryptocurrency by market cap bitcoin dominance is a useful metric that shows us if confidence in more speculative altcoins is growing or falling.
Bitcoin dominance is about to go lower. Bitcoin dominance is about to go lower. What does this mean.
32 569 market cap. Cryptocurrency combined market cap charts bitcoin dominance charts and more cryptocurrencies. The total market cap of the entire industry currently stands at 632 5 billion and the 68 btc dominance means that the bitcoin market cap is currently sitting at 421 8 billion.
Bitcoin dominance chart update btc dominance now 64 58 as i predicted it will fall so finnaly target had been achieved. The bitcoin dominance metric shows how much of the total cryptocurrency market cap is represented by bitcoin. 1 008 254 321 690 24h vol.
What is bitcoin dominance. What it means is that bitcoin is likely to start retracing while the altcoins market starts to grow.