Currently, total marketcap is declining but BTC dominance rate is increasing. Could anyone tell me what is BTC dominance rate ? Is it good thing to bitcoin, but not to alt coin?
That is the nature ever since, and we have seen some kind of big growth so I can still say that it's a good thing for the crypto.
But, if in the time that the dominant rate of bitcoin will drop, maybe we will see a more stable price for all crypto, now it's really hard to expect that to happen. The data
https://coinmarketcap.com/ now says that of the total Market Cap: $257,643,510,099 bitcoin owns 45.4% of that which is $116,864,751,050.