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What is Bitcoin dominance? Bitcoin's share of the crypto market

By SendPay Business · · 2 min read

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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.

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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.

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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.

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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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SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.

Questions people ask

How do I work out Bitcoin dominance myself?

Enter Bitcoin's market value and the whole market's in the free calculator.

Bitcoin dominance calculator →
What is crypto market cap?

The total value of a coin's supply at today's price.

Crypto market cap →
What is an altcoin?

Any crypto coin other than Bitcoin.

Altcoins →
What is Bitcoin?

The first and largest cryptocurrency.

Bitcoin →

Read next

Spotted a mistake or something out of date? and we'll fix it. How our guides are made

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. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.