Role of BTC Dominance
Here’s a simplified rewrite:
A small attempt to understand Bitcoin dominance: It reflects Bitcoin's share of the total cryptocurrency market cap. When dominance rises, Bitcoin typically outperforms altcoins, indicating stronger interest in BTC. When it drops, altcoins often perform better, signaling a shift towards them. Monitoring BTC dominance helps gauge market sentiment and potential altcoin opportunities.
A small attempt to understand Bitcoin dominance: It reflects Bitcoin's share of the total cryptocurrency market cap. When dominance rises, Bitcoin typically outperforms altcoins, indicating stronger interest in BTC. When it drops, altcoins often perform better, signaling a shift towards them. Monitoring BTC dominance helps gauge market sentiment and potential altcoin opportunities.
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