Bitcoin Dominance Hits New Heights: What it Means for Crypto Market Trends
Bitcoin dominance measures the cryptocurrency's share of the total market capitalization, indicating how much of the crypto market's value is held in BTC versus altcoins.
A rising Bitcoin dominance alongside a rising price suggests that Bitcoin is outperforming altcoins, while falling dominance with a rising price means that altcoins are gaining faster.
This metric helps investors understand market dynamics, but it's essential to note that falling dominance alone does not confirm an altseason, as market structure and institutional factors now influence capital distribution.