What is Bitcoin Dominance

Bitcoin dominance refers to the relative size of Bitcoin’s market cap with respect to the overall size of the cryptocurrency market i.e., the market cap of all the existing cryptocurrencies combined.

Since it is a ratio, if Bitcoin’s market cap drops, its dominance doesn’t necessarily decrease. Bitcoin’s dominance could stay constant if the values of other cryptocurrencies also decrease at the same rate. Bitcoin dominances decreases as new cryptocurrencies appear or as the other cryptocurrencies capture market share.

Bitcoin Dominance

Bitcoin dominance refers to the ratio of Bitcoin’s market cap to the market cap of all existing cryptocurrencies combined.

Related terms

Blockchain Bitcoin Break-even point Bid Price Block Bitcoin core

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