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💻 This might be the biggest week in Bitcoin and cryptocurrency's history up to this point and I'm going to share with you some breaking data that you're not going to want to miss.

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TIMESTAMPS:

00:00 The biggest trap in crypto is about to happen soon
00:40 Massive trap
02:50 Market news and analysis
07:24 Altcoins and BTC/USDT dominance
10:48 Lingo update
12:40 More market analysis
13:55 Wrapping up

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✅ About Bitcoin Dominance Indicator

Bitcoin, the first commercial cryptocurrency, has a significant metric known as BTC dominance. This metric is a tradable indicator represented by the BTC Dominance Chart. Initially, Bitcoin held 100% of the crypto market share, but with the emergence of other cryptocurrencies like Litecoin and Ethereum, its dominance began to decrease. However, it remains an essential metric to gauge the overall state of the crypto market.

The Bitcoin Dominance Chart, beyond simply showing Bitcoin's market cap proportion, acts as a market sentiment indicator. It reflects the shifting investor interest between Bitcoin and altcoins, helping to gauge the market's risk appetite. This chart is vital for understanding market dynamics, as it highlights periods when Bitcoin is favored over altcoins and vice versa.

Initially holding 100% market share, Bitcoin's dominance has fluctuated due to various factors like global economic shifts, regulatory news, and technological advances in the crypto sector. These changes reflect the evolving landscape of the cryptocurrency market and investor responses to these developments.

Source: https://coinstats.app/btc-dominance/

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DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

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