BTC dominance is Bitcoin's percentage of the total market value of all cryptocurrencies. To calculate this ratio, we divide the total market value of Bitcoin by the total market value of all cryptocurrencies and multiply by 100.

Formula to calculate BTC dominance:

\[ \text{BTC dominance} = \frac{\text{Market cap of Bitcoin}}{\text{Total market cap of all cryptocurrencies}} \times 100 \]

BTC dominance is often viewed as an indicator of Bitcoin's relative strength in the cryptocurrency market. As BTC dominance increases, Bitcoin is capturing a larger share of the market compared to other cryptocurrencies. Conversely, as BTC dominance decreases, other cryptocurrencies are gaining strength relative to Bitcoin. #btc #bitcoin $BTC #bosscrypto