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-35You can see that with the current market situation, the bitcoin price will be very difficult and almost impossible to reach the threshold of $ 50k, you can see that the market at the moment is gradually falling into crisis. bitcoin and altcoin prices are constantly decreasing. So I believe that at this point you should only invest in short bitcoin.