Bitcoin dominance % increase prediction

Bitcoin Dominance % market analysis March 18

Hey guys! As Bitcoin is soaring in price and investors are switching their holdings from altcoins to Bitcoins , bitcoin dominance starts to increase.

**What is Bitcoin Dominance % ?**
-Bitcoin dominance % represents the percentage of the total market capitalization of the cryptocurrency market that is attributed to Bitcoin. For example, If the total market capitalization of all cryptocurrencies is $1 trillion, and Bitcoin's market capitalization is $600 billion, then Bitcoin's dominance % would be 60% ($600 billion / $1 trillion x 100%).

**What does an increase of Bitcoin Dominance % represent and mean for altcoins? **
An increase in Bitcoin dominance % typically means that the market capitalization of Bitcoin is growing faster than the market capitalization of altcoins. This can happen for several reasons, including increased investor confidence in Bitcoin, greater adoption of Bitcoin as a store of value or means of payment, or a decrease in interest or investment in altcoins.

For altcoins, an increase in Bitcoin dominance % can indicate a tougher market environment, as investors may be shifting their focus and resources away from altcoins towards Bitcoin. As a result, altcoins may see a decline in value and trading volume, as well as decreased attention from investors and traders.

In conclusion, whenever BTC dominance % starts to soar in %, altcoins bleed.