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'm sure that bitcoin will cost much more than $ 50k, but in terms when it will be very difficult to say. At the moment we are in the flat and maybe we will still fall to $ 5000 and maybe even lower, we need to take the level of 8500 $ to start the growth!