Crypto Market Structure · Lesson 2

BTC.D, ETH.D and USDT.D

Who holds the biggest slice?

Members

In this lesson

Learn how dominance is calculated and how to read it together with TOTAL2 and TOTAL3.

Key takeaways

Dominance = a coin's market cap ÷ TOTAL × 100 — a share of the whole market, in percent.
On 20 Oct 2026: BTC.D about 59.5%, ETH.D about 10.7%, USDT.D about 6.5% (Money Globe data).
A share can fall while the coin itself is flat, simply because other coins grow faster.
TOTAL2 / TOTAL3 rising while BTC.D falls often goes with money moving into altcoins; USDT.D rising often goes with a risk-off mood. Clues, not rules.

Watch this lesson with Tessa. The full video, worked example, calculator, quiz and Ask Tessa are part of Money Globe X Silver, Gold and Platinum. Create your account to start learning.

Next lesson: Reading the market: a real example

Educational information only - not financial advice.

Create your free account

Free lessons, live markets and the Classroom. Founding members get their first year at a founding price - applied automatically at checkout.

Offer terms