BTC Dominance measures Bitcoin’s share of the crypto market, reflecting its influence on market trends.
This chart shows shifts in investor preference between Bitcoin and altcoins, indicating market sentiment.
Influenced by investor sentiment, new altcoins, regulations, and tech developments, BTC dominance fluctuates over time.
drop in BTC dominance may signal an altcoin season, where altcoins gain traction and potentially outperform Bitcoin.
Rising BTC dominance suggests a cautious market, while a drop signals increased interest in altcoins. However, global events and market liquidity should also be considered.