In the context of the constantly fluctuating crypto market, understanding trends is not just based on intuition but requires analytical tools. BTCDOM (Bitcoin Dominance - Bitcoin Dominance Index) is one of the most reliable indicators to interpret market sentiment and capital flow trends.
What Is BTCDOM? Basic Concept
The Bitcoin dominance index (BTCDOM) measures the market capitalization ratio of Bitcoin compared to the total value of the entire cryptocurrency ecosystem. In other words, it indicates what percentage Bitcoin holds within the current total crypto market value.
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BTC Dominance (BTCDOM) Is the Key to Understanding the Current Cryptocurrency Market
In the context of the constantly fluctuating crypto market, understanding trends is not just based on intuition but requires analytical tools. BTCDOM (Bitcoin Dominance - Bitcoin Dominance Index) is one of the most reliable indicators to interpret market sentiment and capital flow trends.
What Is BTCDOM? Basic Concept
The Bitcoin dominance index (BTCDOM) measures the market capitalization ratio of Bitcoin compared to the total value of the entire cryptocurrency ecosystem. In other words, it indicates what percentage Bitcoin holds within the current total crypto market value.
Calculation formula: