It is almost that easy. Of course, Bitcoin Dominance can have different implications on different time frames, and it is ultimately only one tool in a trader’s toolkit. In short, though, it is important to learn how to read the Bitcoin dominance chart. Luckily it is only a click away ...
Bitcoin dominance has slipped to 55.81%, down from its November high of 61.53%. This dip has paved the way for altcoin season, with over 75% of the top 100 altcoins consistently outperforming Bitcoin. Leading this charge are Tron (TRX), Cardano (ADA)...
This post will offer insight on how to trade cryptocurrency while utilizing the Bitcoin dominance indicator and how to read the Bitcoin dominance index chart overall. What is the BTC dominance chart? Bitcoin dominance is uncovered by comparing Bitcoin’s market capitalization to the capitalization of ...
Runes were designed to establish fungible tokens on the Bitcoin blockchain and gained widespread traction, resulting in high transaction volume. Cryptokoryo’s chart depicting the transaction dominance between BRC-20 and Runes in 2024. Source: Dune Analytics Paired with the adoption of BRC-20 tokens...
as well as updated security issues, these trends not only define the industry's current state but also chart the course for future innovations. For developers and businesses, it is critically important to stay abreast of these changes to adapt and respond to the rapidly changing needs of users...
Bitcoin [BTC] dominance was trading within an ascending channel pattern on the daily chart at press time. This trend indicated a tug-of-war between Bitcoin’s market strength and the performance of altcoins. If BTC dominance breaks above the current resistance zone, altcoins could temporarily ...
Bitcoin [BTC] dominance was trading within an ascending channel pattern on the daily chart at press time. This trend indicated a tug-of-war between Bitcoin’s market strength and the performance of altcoins. If BTC dominance breaks above the current resistance zone, altcoins could temporarily ...
The Binance spokesperson noted: “There’s also better awareness on how we balance Bitcoin and altcoins; altcoin futures volumes make up around 40% on Binance. We think we understand and reflect market conditions well.” OKEx stages a comeback While September saw Binance lead the derivatives ...
By analyzing the combined cryptocurrency market volume, one can determine whether stablecoins have been increasing overall market share or simply taking markets away from Bitcoin. Crypto total market 7-day average volume, USD billion. Source: TradingView The chart above is probably astonishing even for...