On this chart we are looking at TOTAL2 & BTC.D. BTC.D (Bitcoin Dominance) is the % of the total Crypto market BTC Controls, when the Bitcoin Dominance rises it can be a sign of Bitcoin taking up the market share of the whole crypto markets - and as this happens we usually see alt-coins (crossed with BTC not USDT) have sell offs. TOTAL2 (Cryptocurrency Market Cap) tells us the total market. Oct 05, · Bitcoin Dominance Graph, Chart & Trends. Take a look at this chart: This shows the trend of BTC dominance from to the present in relation to other altcoins. The graph is pretty easy to read: Bitcoin was dominating the market at about 90% of the total market cap up until , then sharply declined to this day. Dec 16, · The 4-hour chart shows the Bitcoin dominance index holding above all the three moving averages; the 50 Simple Moving Average, the SMA, and the SMA. In .
Bitcoin market dominance chartBitcoin (BTC) Dominance Explained
Bitcoin Dominance excludes ICOs because they are each controlled and issued by a centralized entity and so therefore cannot act as hard money. Even if the ICO intends to be money, it cannot offer any improvement over the current fiat system of centralized banking and money printing.
Stablecoins have a very specific use in mind: Stablecoins act as on-ramps and off-ramps between fiat and cryptocurrencies and are just an extension of government controlled fiat money. Because The Real Bitcoin Dominance Index is only interested in tracking which cryptocurrencies are capable of becoming global money replacements one day, stablecoins cannot be included since their value and purpose depends on fiat dollars existing.
Bitcoin Dominance only includes proof-of-work coins in its index because, so far, POW is the only consensus algorithm known to be able to keep the network decentralized.
Decentralization is important because, if it cannot be achieved, then there is no improvement over the current system of centralized banking. The Real Bitcoin Dominance Index matters because there is currently no easy way to track proof-of-work coins only. As Bitcoin dominance in the market shoots up, it implies that altcoins are forced to squeeze even more in the remainder of the market share.
The high BTC dominance suggests that altcoins are getting less attention from investors in the market. Consequently, it means that an altcoin season is unlikely in the near term. However, the same cannot be said for its dominance in the market. For instance, on November 30, Ethereum controlled It is essential to realize that the increase in Bitcoin dominance in the market continues to affect other altcoins like Ripple , Bitcoin Cash , Tether, and Litecoin.
Bears at all costs have capped trading at levels beyond this zone. The relatively sideways trading shows that a breakout is undoubtedly in the offing. Information on these pages contains forward-looking statements that involve risks and uncertainties.
Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Total Volume. Bitcoin Dominance. Gainers vs. Search all Date Range. November December Linear Log. Absolute Relative.