What is bitcoin dominance?

Bitcoin dominance is the ratio of Bitcoin's market cap to that of altcoins. Bitcoin dominance is mainly influenced by introducing new potential altcoins, changing market trends, and stablecoin popularity.

What is the BTC dominance index?

The real BTC dominance index is the ratio of BTC's market with that of other proof-of-work (PoW) cryptocurrencies that are operate as a form of currency, including Bitcoin (BTC) itself, Litecoin (LTC), Bitcoin SV (BSV), Bitcoin Cash (BCH), Monero (XMR), Dash (DASH), Zcash (ZEC), Bitcoin Gold (BTG), Dogecoin (DOGE), Decred (DCR), etc.

What is the dominance ratio?

Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrices available. It measures the coin's market cap relative to the overall crypto market - effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins".