The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.
Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.
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https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35I believe that is not going to happen, you can see that bitcoin prices are constantly adjusting and falling sharply since the bitcoin price hit $ 19800. The market is bearish in the long term, so I believe that bitcoin prices will fall sharply until the end of 2018.
So bitcoin prices will not reach $ 50,000 with a market capitalization of only $ 250 billion.