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Test Your Knowledge
Earn 100 Diamonds for every perfect score!
Question 1:
What does Bitcoin Dominance (BTC.D) represent?
A. The percentage of Bitcoin's market capitalization in the total cryptocurrency market.
B. The total market capitalization of all cryptocurrencies combined.
C. The amount of Bitcoin traded on exchanges daily.
Question 2:
What happens when Bitcoin's dominance rises?
A. Bitcoin's price increases, and altcoin prices decline.
B. Altcoin prices rise, and Bitcoin's price decreases.
C. Bitcoin's dominance remains unaffected.
Question 3:
How do traders use Bitcoin Dominance (BTC.D) in their investment strategy?
A. By shifting funds between Bitcoin and altcoins depending on BTC.D trends.
B. By investing only in Bitcoin when BTC.D rises.
C. By avoiding Bitcoin when its dominance increases.
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