TIA Bitcoin Dominance
TIA Bitcoin Dominance indicator is a metric that helps to assess the relative strength of Bitcoin in the cryptocurrency market. It is calculated by taking the market capitalization of Bitcoin and dividing it by the total market capitalization of all cryptocurrencies with possibility to exclude Stable coins. This calculation gives us a percentage that represents the portion of the cryptocurrency market that Bitcoin holds.
By excluding stable coins from the calculation, we can get a more accurate picture of Bitcoin's dominance in the market. Including stable coins in the calculation would skew the results and make it harder to assess Bitcoin's true dominance.
Overall, the Bitcoin Dominance Indicator provides a useful tool for investors and traders to monitor the performance of Bitcoin in relation to the broader cryptocurrency market. By keeping an eye on Bitcoin's dominance, they can better understand market trends and make more informed investment decisions.
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