"Bitcoin Dominance is rising"..................
"Bitcoin Dominance is falling"..................
"Bitcoin Dominance this"............................
"Bitcoin Dominance that"............................

Well I'm sure you've probably heard something along these lines in the past. But what exactly does Bitcoin Dominance mean.

Bitcoin Dominance is simply the ratio of Bitcoin market capitalization expressed in relation to the sum total of the market capitalization of all other Cryptocurrencies. It is simply put the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets.”

The entire Cryptocurrency market right now has a market cap of $173.85 billion. Of that amount, Bitcoin alone has a market cap of $113.20 billion of the $ 173.85 billion. From this we can say that Bitcoin is dominating the market by around  65.84%. If the dominance is dropping that means people are losing confidence in Bitcoin in relation to other Cryptocurrencies. While if it is rising, the reverse is the case. Hope I've helped you understand what Bitcoin Dominance means.