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The chart of Bitcoin dominance since the bottom of the 2022 bear market
What does Bitcoin dominance mean?
It is the percentage of Bitcoin's value relative to the total cryptocurrency market.
- If dominance is 50% → it means half of the cryptocurrency market is Bitcoin.
- If it increases → Bitcoin is stronger than other coins (liquidity is concentrated in it).
- If it decreases → Altcoins take a larger share of the market.
It is an indicator showing: Is the market focused on Bitcoin, or is it distributed among other coins?