New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Many of you are asking: 👇
What does Bitcoin acquisition mean? (Bitcoin Dominance) 📱
As you requested today, I will explain what Bitcoin dominance means and why it is the main reason that alternative currencies are not moving even though the market seems to be rising 👀
Bitcoin dominance is the ratio that shows how much Bitcoin controls the crypto market in terms of market capitalization.
This means that if the ratio is, for example, 60%, then 60% of the total liquidity is in Bitcoin and the rest is distributed among all the other currencies.
When this rate is high, it indicates that most of the money 💸 in the market is going to Bitcoin.
And this makes alternative currencies either freeze or drop because there isn't enough liquidity in them.
It simply means the market is focused on just one asset.
But if the acquisition starts to gradually decrease from 61% → 55% → 50% → 45%
Here we start to see strong movement in alternative currencies as liquidity begins to be distributed more widely.
✅ Summary of the topic:
The Bitcoin acquisition is high = alternative currencies are in a recession or may drop.
Downtrend = Altcoin season has started 🔥
Keep your eyes always on this indicator because it is the key to understanding the real market 📊#Trump Allows 401(k) Crypto Investing#