Bitcoin dominance
Bitcoin's share of the whole crypto market, live, with the stablecoin effect taken out.
BTC dominance chart, last 7 days
Hourly Bitcoin market cap divided by the market cap of the top 250 coins, scaled to CoinGecko's global total. Built live in your browser from CoinGecko data.
Share of the market right now
Why dominance moves: try it
Start: Bitcoin is 58% of a market worth 100. Move each side.
58.0% dominance. Dominance barely moves: Bitcoin and the rest are moving at the same pace.
How to use Bitcoin dominance
Traders watch BTC dominance to judge where money is moving inside crypto. Read it together with the total market cap:
- Dominance up, total up: a Bitcoin-led rally; altcoins lag.
- Dominance up, total down: risk-off; altcoins sell off harder than Bitcoin.
- Dominance down, total up: altcoins outperform, the classic setup for an altcoin season.
- Dominance down, total down: Bitcoin is leading the decline, or money is moving into stablecoins.
The stablecoin effect matters more than it used to. As stablecoin supply grows, it takes a bigger slice of the total and pushes Bitcoin's share down even when nothing changes between Bitcoin and other coins. That's why we also show dominance with stablecoins excluded.
Questions people ask
What is Bitcoin dominance?
Bitcoin dominance is Bitcoin's market cap divided by the total market cap of all cryptocurrencies, shown as a percentage. It tells you how much of the crypto market's value sits in Bitcoin.
What does rising BTC dominance mean?
Bitcoin is doing better (or falling less) than the rest of the market. That can happen in a rally led by Bitcoin, or in a sell-off where altcoins drop harder. Always check the direction of the total market cap alongside it.
Why do different sites show different Bitcoin dominance numbers?
They divide by different totals. Some include thousands of tiny tokens, some exclude stablecoins. We use CoinGecko's total, which includes stablecoins, and also show dominance with stablecoins removed.
What happens if BTC dominance goes down?
Money is shifting from Bitcoin to other coins or to stablecoins. If the total market cap is rising at the same time, altcoins are outperforming. If the total is falling, it can mean Bitcoin is leading a sell-off or investors are parking funds in stablecoins. The dominance-excluding-stablecoins figure on this page helps tell those apart.
Is high Bitcoin dominance bullish or bearish?
Neither on its own. High dominance says investors prefer Bitcoin over altcoins; whether that is bullish depends on whether the overall market is growing. Use it together with the total market cap and the altcoin season index rather than as a buy or sell signal.
What is BTC.D?
BTC.D is the ticker charting platforms such as TradingView use for Bitcoin dominance. It is the same ratio: Bitcoin market cap divided by total crypto market cap.
What has Bitcoin dominance been historically?
It was close to 100% until other coins appeared, fell below 40% during the early-2018 altcoin boom, and has spent most of the years since in roughly the 40–70% range, according to CoinMarketCap and TradingView historical charts.
Is low Bitcoin dominance an altcoin season?
Falling dominance is one sign, but it can also fall because stablecoins grow. The altcoin season index looks directly at whether most large altcoins beat Bitcoin.