TradingView Chart Shows Bitcoin Dominance Below 25% on Nov. 9

Bitcoin (BTC) appeared to account for less than a quarter of crypto market value on a Nov. 9 TradingView chart, but that reading alone does not show a shift into altcoins. At 9:31 a.m. ET (14:31 UTC) Nov. 10, TradingView displayed 60.74% Bitcoin dominance, $1.48 trillion in Bitcoin market capitalization and $2.44 trillion in total crypto market capitalization. Dominance is a ratio, not a direct measure of trading or investor flows. TradingView divides Bitcoin’s market value by the combined value of the 125 largest cryptocurrencies it tracks. If that combined value is overstated, Bitcoin’s displayed share falls without a comparable change in Bitcoin’s value. The Nov. 9 reading therefore cannot, by itself, demonstrate a broad rally in other tokens.

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