WHAT IS Bitcoin Dominance Rate?
Think of it like this.
Bitcoin Dominance rate is like a popularity contest among cryptocurrencies.
It measures how much of the total value in the entire crypto market is represented by Bitcoin.
If Bitcoin dominates, it means it has a big share of the overall value in the market.
Ratio of Over 54.4%
The Bitcoin Dominance Rate is over 54%.
This means, if you add up the entire cryptocurrencies total value, more than half of the total belongs to Bitcoin.
Bring on the traders!
With Bitcoin running up again to above $36,000 is attracting more traders and investors.
That’s because when people see Bitcoin doing well, they may feel more confident about the overall health of the crypto market and may be more likely to invest or trade in Bitcoin versus other cryptocurrencies.
What trading term would you like explained easily?
Let me know.
Order via our secured website:
Click here to order The Complete Charts Patterns and Candlesticks Guide by MATI Trader book
Or order via EFT payment”
Click here to order the book via EFT (all info in the invoice).
Enjoy and remember…
You won’t need to buy or order another book on chart patterns and candlesticks ever again as I will be updating it very often and will let you know.
Not sure the best way to get started with MATI Trader?
Follow these steps to start your successful trading journey.