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Bitcoin Dominance: Why It Matters
Bitcoin dominance refers to the percentage of the total cryptocurrency market capitalization that Bitcoin holds. It serves as a key indicator of market trends. When Bitcoin dominance rises, it typically signals investor preference for BTC over altcoins, often during periods of uncertainty. A drop in dominance, on the other hand, suggests that altcoins are gaining traction, possibly in a bull market.
Traders and investors watch this metric closely to gauge market sentiment and make informed decisions. As the crypto space evolves, shifts in Bitcoin dominance can provide valuable insights into where capital is flowing next.
Do you think Bitcoin will maintain its dominance, or will altcoins take a larger share in the future?
#AI Agents Tokens Surge #PI Listing Carnival #IP & BERA Price Bounce Up