The cryptocurrency market cap added more than $100B in a day, as bitcoin surged by $4,000 to nearly $40k in
Bitcoin Dominance is one of the most popular tracking metrics. It shows Bitcoin’s total market capitalization relative to the entire market, or in other words, relative to the altcoins.
When Bitcoin price increases, if the Bitcoin dominance is increasing as well, then the price gains of Bitcoin is also the result of altcoins’ sell-off.
And vice versa: if the Bitcoin dominance is steady or decreasing while Bitcoin price is increasing, then we can conclude that new money is entering the crypto markets.
As of writing these lines, Bitcoin dominance has been at its lowest value at the beginning of 2018, amid the parabolic crypto bubble, which saw its price reaching the current all-time high of nearly $20,000. Back then, BTC accounted for about 32% of the total market cap, while Ethereum accounted for a whopping 18%, followed by XRP.
Somewhat expectedly, Bitcoin’s dominance was at its peak back in 2013 when it stood at above 96%. However, it’s worth noting that a lot of the cryptocurrencies that exist today didn’t exist back then.
This equals Bitcoin market cap as a percentage of the total market cap.
Recent Bitcoin Dominance News
Bitcoin has reacted well after the dump to $31,000 and has added $6,000 in two days. As a result, its
Bitcoin's dominance has increased to 44% as BTC bounced off from its $30,000 low. Most altcoins are still deep in
Bitcoin's dominance has dropped to a 35-month low as BTC fails to overcome $50,000. In contrast, ADA has climbed to
The number of wallets with more than 1000 BTC is at the same levels as in 2020. Here are a
The crypto market cap registers a new record above $2.5 trillion as numerous altcoins record fresh all-time highs. Those include
Bitcoin's dominance marks another 2-year low beneath 53% despite BTC touching $65,000, as ETH spikes to another all-time high inches
Days of records in the altcoin space as Ethereum surged to $2,150, while Polkadot's 22% increase took it to a
Bitcoin has added nearly $5,000 since its dip two days ago but its dominance is well below 60% as ETH
Bitcoin's dominance declined by 1.7% in two days after the cryptocurrency's latest decrease that drove it to an intraday low