What is Bitcoin dominance?

What Is Bitcoin Dominance?

Bitcoin dominance is Bitcoin's market cap as a percentage of the total cryptocurrency market cap. When it rises, Bitcoin is outperforming altcoins; when it falls, altcoins may be gaining. Traders use it to gauge rotation between Bitcoin and altcoins. It does not predict the future. In India, whatever the dominance, your gains from any crypto are taxable when you sell.