Bitcoin Dominance Chart Insights

Metaverseplanet November 2, 2024

0 7 minutes read

Bitcoin Dominance Chart

Select Year:

Total Change: 0%

Yearly Average: 0%

Highest Value: 0%

Lowest Value: 0%

You can add the Bitcoin Dominance Chart, which we have carefully prepared in a long process, to your site for free. All you need to do is copy the code and insert it as HTML code anywhere on your site – it’s that simple!

Copy Button Example

<!DOCTYPE html>
<html lang="en">
<head>
    <meta charset="UTF-8">
    <meta name="viewport" content="width=device-width, initial-scale=1.0">
    <title>Bitcoin Dominance Chart</title>
    <script src="https://cdn.jsdelivr.net/npm/chart.js"></script>
    <link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/font-awesome/6.0.0-beta3/css/all.min.css">
    <style>
        body {
            background-color: #121212;
            color: white;
            font-family: Arial, sans-serif;
            transition: background-color 0.5s, color 0.5s;
        }
        .button {
            margin: 20px;
            padding: 10px 20px;
            border: none;
            cursor: pointer;
            font-size: 16px;
            border-radius: 5px;
            transition: background-color 0.3s, color 0.3s;
        }
        .dark-mode-button {
            background-color: #c1205b;
            color: white;
        }
        .dark-mode-button:hover {
            background-color: #a0194e;
        }
        .download-button {
            background-color: #444;
            color: white;
        }
        .download-button:hover {
            background-color: #666;
        }
        .info-box {
            background-color: #333;
            padding: 20px;
            border-radius: 10px;
            margin-top: 20px;
            color: white;
            text-align: center;
        }
        .info-box p {
            margin: 5px 0;
        }
        .footer {
            text-align: center;
            margin-top: 40px;
            color: white;
        }
        .footer a {
            color: #c1205b;
            text-decoration: none;
        }
    </style>
</head>
<body>
    <div style="width: 80%; margin: auto;">
        <canvas id="btcDominanceChart"></canvas>
    </div>

<div style="width: 80%; margin: auto; text-align: center; margin-top: 20px;">
        <label for="yearSelector" style="color: white;">Select Year:</label>
        <select id="yearSelector" onchange="updateChart()"></select>
    </div>

<button onclick="toggleTheme()" class="button dark-mode-button"><i class="fas fa-adjust"></i> Toggle Dark/Light Mode</button>
    <button onclick="downloadCSV()" class="button download-button"><i class="fas fa-download"></i> Download Data</button>

<div class="info-box" id="infoBox">
        <p><strong>Total Change:</strong> <span id="totalChange">0%</span></p>
        <p><strong>Yearly Average:</strong> <span id="yearlyAverage">0%</span></p><div class="stream-item stream-item-in-post stream-item-inline-post aligncenter"></div>
        <p><strong>Highest Value:</strong> <span id="highestValue">0%</span></p>
        <p><strong>Lowest Value:</strong> <span id="lowestValue">0%</span></p>
    </div>

<div class="footer">
        <p>Bitcoin Dominance Chart is prepared by <a href="https://metaverplanet.net" rel="dofollow noopener" target="_blank">Metaverseplanet.net</a></p>
    </div>

function populateYearSelector() {
            const yearSelector = document.getElementById('yearSelector');
            yearSelector.innerHTML = '';
            const years = Object.keys(btcDominanceData);

years.forEach(year => {
                const option = document.createElement('option');
                option.value = year;
                option.textContent = year;
                yearSelector.appendChild(option);
            });
        }

function initializeChart(initialYear) {
            const ctx = document.getElementById('btcDominanceChart').getContext('2d');

btcDominanceChart = new Chart(ctx, {
                type: 'line',
                data: {
                    labels: [
                        'January', 'February', 'March', 'April',
                        'May', 'June', 'July', 'August',
                        'September', 'October', 'November', 'December'
                    ],
                    datasets: [{
                        label: 'BTC Dominance (%)',
                        data: btcDominanceData[initialYear] || [],
                        borderColor: '#c1205b',
                        backgroundColor: 'rgba(193, 32, 91, 0.1)',
                        fill: true,
                        tension: 0.4,
                        pointRadius: 5
                    }]
                },
                options: {
                    responsive: true,
                    plugins: {
                        legend: {
                            display: true,
                            position: 'top',
                            labels: {
                                color: 'white'
                            }
                        },
                        tooltip: {
                            callbacks: {
                                label: function(context) {
                                    let label = context.dataset.label || '';
                                    if (label) {
                                        label += ': ';
                                    }
                                    label += context.parsed.y + ' %';
                                    return label;
                                }
                            }
                        }
                    },
                    scales: {
                        x: {
                            title: {
                                display: true,
                                text: 'Month',
                                color: 'white'
                            },
                            ticks: {
                                color: 'white'
                            }
                        },
                        y: {
                            title: {
                                display: true,
                                text: 'Dominance (%)',
                                color: 'white'
                            },
                            ticks: {
                                color: 'white'
                            }
                        }
                    },
                    animation: {
                        duration: 1000,
                        easing: 'easeInOutQuart'
                    }
                }
            });
        }

function updateChart() {
            const selectedYear = document.getElementById('yearSelector').value;
            btcDominanceChart.data.datasets[0].data = btcDominanceData[selectedYear] || [];
            btcDominanceChart.update();
            updateInfoBox(selectedYear);
        }

function updateInfoBox(year) {
            const data = btcDominanceData[year] || [];
            const validData = data.filter(value => value !== null);
            if (validData.length === 0) return;

const totalChange = ((validData[validData.length - 1] - validData[0]) / validData[0] * 100).toFixed(2);
            const yearlyAverage = (validData.reduce((a, b) => a + b, 0) / validData.length).toFixed(2);
            const highestValue = Math.max(...validData).toFixed(2);
            const lowestValue = Math.min(...validData).toFixed(2);

// Initialize the page
        populateYearSelector();
        initializeChart(Object.keys(btcDominanceData)[0]);
        updateInfoBox(Object.keys(btcDominanceData)[0]);
    </script>
</body>
</html>

Understanding Bitcoin Dominance: A Detailed Overview

Bitcoin dominance is a crucial metric in the cryptocurrency market that measures the ratio of Bitcoin’s market capitalization to the total market capitalization of all cryptocurrencies. It serves as an indicator of Bitcoin’s influence and importance in the broader crypto landscape. When Bitcoin dominance is high, it suggests that investors are primarily favoring Bitcoin over other cryptocurrencies. Conversely, a decline in Bitcoin dominance indicates that altcoins are gaining popularity and capturing a larger share of the market.

The Bitcoin Dominance Chart tool presented here allows users to visualize Bitcoin’s dominance over the past few years. Users can select a specific year to see the monthly dominance percentages, download the data as a CSV file, and analyze the fluctuations that occurred throughout each year. The tool also features a dark/light mode switch to enhance user experience, making it adaptable for different lighting conditions.

Bitcoin Dominance Over the Last Three Years

Below is a table summarizing Bitcoin’s dominance for the past three years (2022, 2023, and 2024), presented on a monthly basis:

Month	2022 (%)	2023 (%)	2024 (%)
January	50.0	54.3	56.7
February	51.2	55.1	57.0
March	52.4	53.9	55.9
April	53.1	54.8	56.1
May	52.7	55.5	56.5
June	51.8	54.2	55.8
July	52.0	55.0	57.0
August	51.4	54.6	56.4
September	50.9	54.9	55.9
October	51.7	55.3	56.7
November	52.1	54.5	N/A
December	53.0	54.8	N/A

Insights from the Data

The data reveals interesting trends in Bitcoin’s dominance. In 2022, Bitcoin’s dominance experienced a gradual increase throughout the year, starting at 50.0% in January and ending at 53.0% in December. In 2023, Bitcoin continued to show stability, with dominance percentages fluctuating between 53.9% and 55.5%. Moving into 2024, Bitcoin’s dominance rose even further, reaching 57.0% in July before stabilizing around 56.7% in October.

These trends suggest that Bitcoin has maintained a significant hold over the cryptocurrency market, even as altcoins have gained traction. The increase in dominance over the years could be attributed to a renewed interest in Bitcoin as a hedge against inflation and economic uncertainty.

How to Use the Bitcoin Dominance Chart Tool

The Bitcoin Dominance Chart tool is designed to be user-friendly and informative. Users can interact with the chart to visualize Bitcoin’s dominance by selecting different years from the dropdown menu. The chart dynamically updates to display the monthly dominance values for the selected year. Additionally, the tool provides a “Download Data” button, allowing users to export the data in CSV format for further analysis.

The “Toggle Dark/Light Mode” button ensures that the chart can be comfortably viewed under different lighting conditions, providing a seamless experience whether users are working in bright or low-light environments. This feature enhances usability and makes the tool more accessible to a wide range of users.

Bitcoin dominance is a valuable metric for understanding the dynamics of the cryptocurrency market. By observing changes in Bitcoin’s market share, investors can gain insights into market sentiment and the overall performance of altcoins. The Bitcoin Dominance Chart tool provides a clear visual representation of this metric, making it easier for users to analyze trends over the past few years.

As the cryptocurrency market continues to evolve, keeping track of Bitcoin’s dominance will remain crucial for understanding market movements and investor preferences. Feel free to use the Bitcoin Dominance Chart tool to explore these trends and gain a deeper understanding of the crypto market.

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Metaverseplanet November 2, 2024

0 7 minutes read

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Bitcoin Dominance Chart Insights

Understanding Bitcoin Dominance: A Detailed Overview

Bitcoin Dominance Over the Last Three Years

Insights from the Data

How to Use the Bitcoin Dominance Chart Tool

Follow us on TWITTER (X) and be instantly informed about the latest developments…

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Understanding Bitcoin Dominance: A Detailed Overview

Bitcoin Dominance Over the Last Three Years

Insights from the Data

How to Use the Bitcoin Dominance Chart Tool

Follow us on TWITTER (X) and be instantly informed about the latest developments…

Leave a Reply Cancel reply

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