Hazard Flight? Bitcoin ‘Dominance Rate’ Hits 9-Week High

2018-6-27 19:59

The BTC dominance rate is an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency.
So, a rising dominance rate essentially means the demand for bitcoin is greater than the demand for altcoins.
However, it also tends to rise during periods of risk aversion – when investors move out of high-risk alternative cryptocurrencies and into bitcoin, and then possibly on to fiat currency.
So, the writing on the wall is clear: right now, a lot of investors prefer cash over any of the cryptocurrencies, bitcoin included.
However, if prices start to rally along with the BTC dominance rate, it would mean the crypto markets have bottomed out.

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rate dominance cryptocurrency demand bitcoin greater altcoins

Источник: bitcoints.com

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Hits 9-weeks High-Dominance Index risk flight!

The Dominance Index is an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency. So, a rising dominance rate essentially means the demand for bitcoin is greater than the demand for other innovations.