I want to understand how to check the dominance of Bitcoin in the cryptocurrency market. Is there a specific platform, tool, or metric that can help me with this?
The CoinMarketCap API offers a range of real-time metrics for the cryptocurrency market.
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CarloSun Apr 20 2025
These metrics include total market capitalization, which provides an overview of the entire market's value.
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noah_smith_researcherSun Apr 20 2025
Another key metric offered by the API is Bitcoin dominance, which indicates the percentage of the total cryptocurrency market capitalization that Bitcoin comprises.
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CryptoWizardrySun Apr 20 2025
Additionally, the API provides 24-hour trading volume data, giving insights into the market's activity over the past day.
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SaraSun Apr 20 2025
Accessing live Bitcoin dominance data is indeed possible through the CoinMarketCap API.