Good morning!
What are the main tools for monitoring the crypto market.
1. Total Market Cap. This indicator makes it clear whether money is coming into the market now or vice versa.
Now the total market capitalization = 1.234 trillion dollars, and for example in November-January it was 756 billion dollars. Those for 6 months the market grew almost 2 times.
2. Bitcoin dominance. This indicator reflects how much of the total amount of money in the market is in Bitcoin, and how much is in other cryptocurrencies. Now the dominance of Bitcoin is 47%. Half of all the money that is on the market is now in Bitcoin.
The dominance graph is the most important indicator of the movement of capital within the industry. And now it's starting to decline. This means that money from Bitcoin is transferred to other cryptocurrencies. Accordingly, there is a possibility of the beginning of the growth of altcoins and the beginning of the so-called alt-season.
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