What is Bitcoin Dominance? A Complete Guide [2023]

Bitcoin dominance is a measure of the market cap of Bitcoin as a share of the entire crypto market. Learn more about this concept and its impact on the greater crypto market with BitPay.
The Important Bits Bitcoin dominance is a measure of the market cap of Bitcoin as a share of the entire crypto market This indicator plays an important role in assessing the overall present state of crypto Investors often look to btc dominance as a factor in their investment strategies and portfolio allocation Bitcoin is, and always has been, the #1 cryptocurrency by market capitalization. Accounting for a very large portion of crypto’s total value, Bitcoin’s price action has great influence

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