Bitcoin is the big dog of the cryptocurrency world, and its value significantly impacts the entire market. "Dominance" refers to a metric that shows what portion of the total cryptocurrency market capitalization belongs to Bitcoin.
Imagine a pie chart representing the entire crypto market. If Bitcoin dominance is high (say, over 60%), it means the biggest slice of the pie belongs to Bitcoin, with all other cryptocurrencies making up a smaller portion. Conversely, a lower dominance (under 50%) indicates a more spread-out market where other cryptocurrencies hold more weight.
