Imagine a way to measure Bitcoin's clout in the crypto market. Bitcoin Dominance (BTCD) is a metric that indicates the percentage of the total cryptocurrency market capitalization that is attributable to Bitcoin. In simpler terms, it tells you what share of the overall crypto market value belongs to Bitcoin compared to all other cryptocurrencies combined. A high BTCD indicates Bitcoin has a larger market share, while a low BTCD suggests other cryptocurrencies are gaining traction.
