Test Your Knowledge
Earn 100 Diamonds for every perfect score!
1. What does Bitcoin Dominance (BTC.D) represent in the cryptocurrency market?
A) The percentage of the market held by altcoins
B) The percentage of the total cryptocurrency market capitalization held by Bitcoin
C) The overall market cap of Bitcoin alone
D) The price of Bitcoin relative to other cryptocurrencies
2. When Bitcoin's dominance increases, what is typically observed in the market?
A) Altcoins rise in value
B) Bitcoin’s price decreases
C) Bitcoin’s price rises, while altcoins underperform
D) The overall market stagnates
3. How can traders use Bitcoin Dominance (BTC.D) to adjust their investment strategy?
A) By shifting funds into altcoins when BTC.D rises
B) By investing in Bitcoin exclusively regardless of BTC.D trends
C) By moving funds into Bitcoin when BTC.D rises and exploring altcoins when BTC.D falls
D) By avoiding Bitcoin entirely when BTC.D rises