Bitcoin’s (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap’s bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market

2018-7-23 18:29

To start with, a rise in the BTC dominance rate essentially means the number one cryptocurrency is more in demand compared to the alternative cryptocurrencies.
The above chart shows:
The BTC dominance rate has increased from 40.5 percent to 46 percent in the last four weeks.
In the latter case, the dominance rate of alternative cryptocurrencies over bitcoin rises sharply.
So, a sharp rise in the BTC dominance rate, as seen in the last four weeks, could be considered a sign of investor confidence in the current BTC price rally.
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A spike in the BTC dominance rate validates the short-term bullish outlook.

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Bitcoin (BTC) на Currencies.ru

$ 67439.83 (-0.01%)
Объем 24H $27.929b
Изменеия 24h: -0.49 %, 7d: -3.17 %
Cегодня L: $67158.36 - H: $68812.85
Капитализация $1328.907b Rank 1
Цена в час новости $ 7723.28 (773.2%)

dominance rate btc percent alternative bitcoin cryptocurrency

Источник: bitcoints.com

dominance rate → Результатов: 6


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The Bitcoin Dominance Rate Could Soon Confirm Its Trend

The Bitcoin dominance rate has been increasing since Feb. 15. Since then, it has been trading inside a neutral area between two trading ranges, with its future direction being still unclear. Well-known cryptocurrency trader @Altcoinsherpa posted a long thread about the Bitcoin dominance rate (BTCD), eventually coming to the conclusion that June would be a […] The post The Bitcoin Dominance Rate Could Soon Confirm Its Trend appeared first on BeInCrypto.

2020-4-30 02:15


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