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Bitcoin dominance: The case for and against “the flippening”
When it comes to the crypto markets, BTC is king. Your Grandpa might not know anything about ZK Rollups and smart contracts, but he will surely have heard of Bitcoin. The fact BTC is the dominant player in the markets is well known. Throughout the summer and early fall of 2023, BTC has hovered somewhere between 49-51% of the total cryptocurrency market cap. This is shown in the image below. The point of the BTC-D (Bitcoin Dominance) chart is to show how much of the market cap the coin covers compared to the rest of the market. In 2023, the total market capitalization of crypto has ranged around $1-1.2 Trillion ... (full story)