Bitcoin dominance is a metric that represents Bitcoin’s share of the total cryptocurrency market capitalization. It indicates how much of the entire crypto market value is held by Bitcoin relative to all other digital assets. A high Bitcoin dominance suggests that Bitcoin holds a proportionally larger share of the market’s overall worth.
Context
Bitcoin dominance is a key indicator often discussed in crypto news, reflecting investor sentiment and the flow of capital within the broader digital asset ecosystem. When Bitcoin dominance rises, it often signifies a flight to perceived safety within the crypto space or a period where altcoins are underperforming. Conversely, a declining dominance can suggest increased interest and investment in alternative cryptocurrencies, potentially signaling an altcoin season.
Bitcoin's price is soaring, driven by its role as a safe-haven asset during the US government shutdown and significant institutional investment via ETFs.
The cryptocurrency market has transitioned into a state of "Greed," as indicated by key sentiment metrics, suggesting investors are becoming overly optimistic.
Bitcoin's underlying on-chain metrics reveal robust investor conviction and increasing institutional interest, suggesting a foundation for future growth.
On-chain data reveals Bitcoin's foundational resilience, with reduced selling pressure and growing institutional interest pointing towards an accumulation phase.
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