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 do really think that Bitcoin wouls have a price increase at the end of this yeat but I think it won't be as much as 50000 usd knowing that it failed last year to emachieve even the 20k usd market price. Seeing how the market is still on downtrend at this moment makes it more impossible. But since speculations are being made, patience should be the action by the means of holding.