#Bitcoin dominance explained.
It reflects the proportion of Bitcoin's market capitalization relative to the total market capitalization of all other cryptocurrencies.
An increase in dominance suggests a shift towards the security of Bitcoin.
While a decrease indicates a growing interest in alternative cryptocurrencies, known as altcoins.
A decline in #BTC dominance is often seen as the beginning of the #Altseason , a period during which altcoins outperform both against the dollar and Bitcoin. In contrast, an increase in dominance often signifies strong performance by Bitcoin, potentially diverting investments from #altcoins .
