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-35If you think so, then you can see that bitcoin prices are constantly fluctuating and although there are signs of a slight recovery but the market is bearish in the long term and the current. Bitcoin costs only $ 6700. To be able to expect a bitcoin price to hit $ 50k, at least Bitcoin must pass the $ 20,000 mark, which is unlikely to happen in 2018.