Bitcoin Retains Market Dominance
Bitcoin has over taken other altcoins and this dominance is measured in percent, so the range for the future product is spread from 0 to 100.
The bitcoin dominance future has become an incredibly unique trading option that one can make on BTSE, but it is also one of the easiest to follow.
Bitcoin dominance is going to be a perpetual futures contract that supports a variety of assets as collateral, including Bitcoin, Ethereum, Tether, and numerous fiat currencies.
At the outset, the level of bitcoin dominance over the rest of the altcoins will be worked out against the figures provided by CoinMarketCap. The plan is to add numbers from TradingView in the not too distant future.
Bitcoin has always taken the top spot in terms of market dominance, and it is for this reason that it has become a number that many look and refer to when predicting what the market is going to do next.
The BTC dominance market may be particularly attractive to more risk-averse traders, as recent trends have shown dominance to be notably less volatile than the Bitcoin spot price.
In the crypto space it is always a point of contention whether altcoins will resume their conquest of Bitcoin’s market cap, or if BTC will assert its top spot with excessive force. With many prominent minds feeling quite strongly on both sides of the aisle, what better metric to roll into a futures product?