As I explore the crypto markets, I've heard a lot about "Bitcoin dominance." Can someone explain what this means and why it's important?

Bitcoin dominance is a metric that measures the ratio of Bitcoin's market capitalization compared to the total market cap of all cryptocurrencies. It's a good indicator of Bitcoin's market strength and its influence over the altcoin market. Knowing this can help investors understand the market trends and make informed decisions. There's a detailed explanation here: https://paybis.com/blog/glossary/what-i ... dominance/ that could give you a clearer picture of how Bitcoin influences the broader crypto market.