What is Bitcoin dominance? Bitcoin's share of the crypto market
By SendPay Business · · 2 min read
Bitcoin dominance is Bitcoin's market value as a share of the whole crypto market. If all crypto together is worth $2 trillion and Bitcoin is worth $1 trillion, Bitcoin dominance is 50%.
How it is worked out
Data sites add up the market value of every coin they track and divide Bitcoin's market value by the total. Because each site tracks a different list of coins, their dominance figures can differ slightly.
Why it moves
- Money moving from Bitcoin into other coins pushes dominance down.
- In sell-offs, holders often move into Bitcoin or stablecoins, which can push it up.
- New coins launching add to the total and can nudge it down.
- Stablecoins count in the total, so their growth also lowers dominance.
What people read into it
Some traders treat falling dominance as a sign of an "altcoin season", when smaller coins outperform. It is a rough gauge of mood, not a forecast, and crypto prices can fall sharply whatever it shows.
Where SendPay fits
SendPay platforms let customers buy, sell and hold crypto, held with regulated partners, alongside GBP, EUR and USD accounts, powered by licensed partners. SendPay doesn't offer trading tools, DeFi or lending.
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This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.