Bitcoin Dominance Index Tracking: Understanding Market Trends
Introduction In an ever-evolving cryptocurrency market, Bitcoin dominance index tracking provides crucial insights into market trends. As of early 2024, Bitcoin’s dominance fluctuates around 40%, reflecting the ongoing battle for share among various altcoins. Notably, with over $4.1 billion lost to DeFi hacks in 2024, understanding Bitcoin’s position becomes vital. What is Bitcoin Dominance? Bitcoin…