Bitcoin dominance is the measure of Bitcoin's market cap relative to the market cap of the rest of the crypto industry. When BTC Dominance increases, alts, on the whole, lose value against BTC. When BTC Dominance decreases, alts on the whole, gain value against BTC. Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets. It is just a measurement based on the circulating supply and current market price.
Binance BTC.D Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin. The BTC.D Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of the broader cryptocurrency market.
- Resistance & Supports Levels are given in this idea. (Short term)
Good Luck!
Trade Accordingly.
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
Binance BTC.D Index is a cryptocurrency price index reflecting the market dominance performance of Bitcoin. The BTC.D Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of the broader cryptocurrency market.
- Resistance & Supports Levels are given in this idea. (Short term)
Good Luck!
Trade Accordingly.
If you like my idea, please support:
Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d