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With an exponential increase in the number of available cryptocurrencies, traders are constantly seeking new tools and indicators to discover trends in the crypto market. One such indicator is the Bitcoin (BTC) dominance ratio, which is primarily used to spot possible trends in the altcoin market, bull markets and Bitcoin rallies to identify trading opportunities.
In this article, we’ll be discussing Bitcoin dominance, how it’s derived, factors affecting it — and the potential trading opportunities you can find by using it.