✅ Update the market situation today June 14

👀 What is BTC.D? Revealing how to apply BTC Dominance to analyze Crypto effectively 🔥

BTC Dominance (BTC.D) refers to the market ratio of Bitcoin compared to the total value of all other cryptocurrencies on the market. BTC.D is often used to measure the relative strength of Bitcoin compared to other cryptocurrencies.
Even BTC Dominance can also provide information about conversions between Bitcoin and other cryptocurrencies in time. BTC Dominance Index allows determining the increase or decrease of Altcoins compared to Bitcoin ✅

When #btc BTC Dominance increases, it means that Bitcoin is gaining strength compared to Altcoins.

When BTC Dominance decreases, it indicates strong growth of Altcoin compared to Bitcoin ⚡

From there, it shows that $BTC Dominance provides important information about the general trend of the cryptocurrency market. The index helps investors and market watchers have a better overview of the power distribution between Bitcoin and Altcoins.

🚀 When BTC Dominance increases, it may indicate market concentration on Bitcoin, in this case, profit taking may be considered for Altcoins and conversion to Bitcoin. 

Conversely, when BTC Dominance decreases, it may be beneficial to hold Altcoins or convert from Bitcoin to Altcoins. 

However, the decision to take profits or keep goods needs to be based on many different factors in the market. Investors should not completely rely on BTC Dominance 🙏