What is BTC Market dominance? What does it mean? – BTC is undoubtedly the most important and most valuable of cryptocurrencies. The coin, which was first revealed by an anonymous person named Satoshi Nakamoto in 2009, created a great revolution and became the pioneer of a new trend.

During this time, the number of cryptocurrencies has increased considerably. In total, more than 6,000 cryptocurrencies are thought to exist.

However, it is worth noting that most of these coins are worthless (including those under one cent). None of these more than 6,000 cryptocurrencies has surpassed Bitcoin in market dominance.

In this article, we will give answers to questions such as what is BTC Dominance, what is it and what is affected by it.

Table of Contents
What is BTC Market Dominance?
Why does BTC Market Domination Decrease and Rises?
What Effects Will Change in Bitcoin Domination Cause?
What Will Market Values ​​Be Now?
What is BTC Market Dominance?
In short, BTC Market dominance shows the overall value of Bitcoin versus other cryptocurrencies. It is an index that shows the area occupied by Bitcoin in crypto money markets in terms of market capitalization.

In fact, the current market value of BTC has decreased considerably. In the past, cryptocurrencies were not that widespread. In 2013, Bitcoin dominated the market by 96%. In 2018, this rate decreased to 32%.

However, currently, the market dominance of Bitcoin is 66%. As altcoin prices have become increasingly widespread, Bitcoin’s dominance in the market has gradually decreased.

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