What is the current bm ratio in the cryptocurrency market?

3 answers

• Joshua TorreonFeb 13, 2024 · 2 years ago
  The current bm ratio in the cryptocurrency market refers to the ratio between the market capitalization of Bitcoin and the total market capitalization of all cryptocurrencies. It is calculated by dividing the market cap of Bitcoin by the total market cap of all cryptocurrencies. This ratio is used to gauge the dominance of Bitcoin in the overall cryptocurrency market. A higher bm ratio indicates that Bitcoin has a larger share of the market, while a lower ratio suggests that other cryptocurrencies have a larger market share. It is an important metric for investors and traders to assess the overall market trends and the influence of Bitcoin on the cryptocurrency market as a whole.
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• Nikky eduNov 08, 2022 · 3 years ago
  The bm ratio, short for Bitcoin dominance ratio, is a measure of the market share of Bitcoin in the cryptocurrency market. It is calculated by dividing the market capitalization of Bitcoin by the total market capitalization of all cryptocurrencies. The current bm ratio can be seen as an indicator of the relative strength and influence of Bitcoin compared to other cryptocurrencies. It is often used by investors and analysts to assess the overall market sentiment and to make investment decisions. A higher bm ratio suggests that Bitcoin is dominating the market, while a lower ratio indicates a more diverse market with other cryptocurrencies gaining traction.
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• Arildsen JuhlMar 11, 2021 · 4 years ago
  The current bm ratio in the cryptocurrency market is an important metric that shows the dominance of Bitcoin in the overall market. It is calculated by dividing the market capitalization of Bitcoin by the total market capitalization of all cryptocurrencies. For example, if the market cap of Bitcoin is $100 billion and the total market cap of all cryptocurrencies is $500 billion, the bm ratio would be 20%. This means that Bitcoin accounts for 20% of the total cryptocurrency market. The bm ratio can fluctuate over time as the market conditions change and new cryptocurrencies emerge. It is often used by investors and traders to assess the risk and potential returns of investing in Bitcoin compared to other cryptocurrencies.
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