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Bitcoin dominance is a measure of the market cap of Bitcoin as a share of the entire crypto market. Learn more about this concept and its impact on the greater crypto market with BitPay.
The Important Bits
Bitcoin dominance is a measure of the market cap of Bitcoin as a share of the entire crypto market
This indicator plays an important role in assessing the overall present state of crypto
Investors often look to btc dominance as a factor in their investment strategies and portfolio allocation
Bitcoin is, and always has been, the #1 cryptocurrency by market capitalization. Accounting for a very large portion of crypto’s total value, Bitcoin’s price action has great influence
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