Today, with your permission, ➡️ I will continue to highlight my work on the market analysis plan in order to assess its prospects in more detail in the medium term. Today we will analyze with you such an index as “Dominance $BTC ” and its impact on the overall market situation✨

Dominance $BTC is an indicator of what market share it occupies by its capitalization✔️ This tool makes it possible to understand how much influence cryptocurrency has on the market. The indicator itself is calculated as follows: we take the capitalization of the cryptocurrency we are interested in, ➖ divide it by the capitalization of the 125 largest cryptocurrencies and then multiply the result by 100. The resulting percentage is the cryptocurrency dominance index. That is, in our case, Bitcoin occupies 54.68% of the total capitalization of cryptocurrencies as a whole✨

🏷The following relationship is also observed: with a simultaneous increase in both price and dominance $BTC —altcoins begin to lose their market share🔔, which is why their value, demand and position in the ratings decrease. This often happens when Bitcoin goes through a consolidation phase and the market begins to rise (which is what we are seeing now)💵