Onchain Highlights DEFINITION:BTC Dominance, or Bitcoin Dominance, denotes Bitcoin’s market capitalization as a percentage of the total market cap of all cryptocurrencies. It’s calculated by dividing Bitcoin’s market cap by the total cryptocurrency market cap. Bitcoin’s dominance has shown notable fluctuations throughout 2024. As observed from the chart below, BTC dominance ranged between 49% and […]
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Bitcoin’s market dominance shows stable upward trend in 2024 despite market volatility