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-35Before, bitcoin speculated to get reach $20k and several people says it is impossible to be happen, but its been happening last early December and many were surprise of tremendous increase of bitcoin. Now bitcoin is speculate to reach that price and i guess for the sure profits, its better to start holding bitcoin or buying more of it, since the market is still low.