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7 Jan 2022

Bitcoin Dominance

This Technical Analysis Widget is an advanced tool that displays BTC Dominance over time.

What is Bitcoin Dominance Index?

The Bitcoin Dominance Index is a ratio of the Bitcoin market cap compared to the whole cryptocurrencies market cap.

How to read the Bitcoin Dominance Index?

It gives a quick hint on how the Bitcoin market cap is performing against other crypto market caps, and this is how is calculated:

BTC Dominance = (BTC Market Cap / ALL-CRYPTO Market Cap)%

The same formula can be used to know the dominance of every cryptocurrency.
Overall the BTC dominance can be affected by the commonly known Alt-season, but not always reflect the down or uptrend of the BTC.
BTC is available for trading on yanda.io dApp.

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Author: Francesco Greco
info@yanda.io