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 think it is paranoid, you can see that bitcoin prices are constantly fluctuating and difficult to predict, the market is in crisis and bitcoin prices are constantly falling. Bitcoin prices fell sharply for the price of altcoin fell very deep, investors suffered heavy losses and lost confidence in the market. Therefore, I believe that this time you should only short-term investment and trading on bitcoin to reduce risk because bitcoin prices can continue to decrease at any time.