Notably, large players appear to be the market favourites, namely Tether, whose market capitalisation has soared to new highs to the tune of $78 billion, and Bitcoin, which has reached 47% market dominance amidst an ongoing financial market flux. Years after the bitcoin boom, other bee crypto currency cryptocurrencies (altcoins) emerge, such as Ethereum, Cardano, Dogecoin, etc., which become more attractive to traders due to their volatility and price fluctuations. It was here when the domain of BTC started to drop. It also plummeted, for example, when China said, for the umpteenth time, that it was going to ban cryptocurrencies. Therefore, the factors that influence this measure would be: As the Bitcoin Dominance goes up, Altcoins lose Bitcoin value, Pairs like ETH:BTC and BNB:BTC go down as a result. When this happens, Bitcoin effectively outperforms the altcoin market in general. When the Bitcoin dominance goes down, Altcoins tend to rally and outperform Bitcoin.