DongdaemunTrendsetterStyle
Tue Jul 09 2024
|
5 answers
1174
What is a bitcoin dominance chart?
Could you elaborate on the concept of a bitcoin dominance chart? As a cryptocurrency enthusiast, I'm familiar with the fluctuations in bitcoin's price, but I've come across this term 'bitcoin dominance chart' quite often. What does it actually represent? Is it a visual representation of bitcoin's market capitalization compared to the entire cryptocurrency market? Or does it show bitcoin's dominance in terms of transactions, mining, or some other metric? I'm curious to know how it's calculated and interpreted in the financial world.
