In the cryptocurrency world, there are numerous interesting statistics which should never be overlooked. The Bitcoin Dominance Index, while not necessarily a market trend indicator, has quite a lot of merit to it. There is no denying Bitcoin will remain the world’s leading cryptocurrency for some time to come, as it is valued significantly higher compared to other markets. Determining the Strength of Bitcoin’s Value As the name somewhat suggests, …
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There are quite a few intriguing metrics to determine the position of Bitcoin in the financial market. However, there is also such a thing called the Bitcoin Dominance Index. This “index” measures the market cap of Bitcoin compared to the overall market cap of all cryptocurrencies in existence. It is an interesting factor to look at, although it doesn’t necessarily tell the whole story either. The Bitcoin Dominance Index In …
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