What is the current bitcoin dominance index?

3 answers

• Bandana ManApr 25, 2024 · a year ago
  The bitcoin dominance index is a metric that measures the market capitalization of bitcoin relative to the total market capitalization of all cryptocurrencies. It is calculated by dividing the market cap of bitcoin by the total market cap of all cryptocurrencies and multiplying by 100. As of today, the current bitcoin dominance index is 42.5%. This means that bitcoin accounts for 42.5% of the total cryptocurrency market capitalization.
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• Brianna AndradeAug 02, 2021 · 4 years ago
  The bitcoin dominance index is a way to gauge the influence and dominance of bitcoin in the cryptocurrency market. It provides insights into how much market share bitcoin has compared to other cryptocurrencies. Currently, the bitcoin dominance index stands at 42.5%, indicating that bitcoin is still the largest and most influential cryptocurrency in terms of market capitalization.
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• Rakesh SirviFeb 07, 2024 · a year ago
  According to the latest data, the current bitcoin dominance index is 42.5%. This means that bitcoin represents 42.5% of the total cryptocurrency market capitalization. The bitcoin dominance index is an important indicator for investors and traders, as it helps them understand the relative strength and position of bitcoin in the overall cryptocurrency market. It is worth noting that the bitcoin dominance index can fluctuate over time as the market dynamics change.
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