Bitcoin is a popular cryptocurrency that has gained fame for its decentralized and secure nature. It is one of the most traded cryptocurrencies in the world, and its value has been steadily increasing over time. Coingecko is a platform that allows users to track the value of various cryptocurrencies, including Bitcoin. In this article, we will explain how to use Coingecko to monitor the value of Bitcoin.
Step 1: Visit Coingecko.com
The first step in using Coingecko to track the value of Bitcoin is to visit the platform’s website. Once on the website, you will see a list of the most popular cryptocurrencies. Bitcoin is usually at the top of the list, so you should be able to spot it easily.
Step 2: Check the Bitcoin Price
The next step is to look at the Bitcoin price on Coingecko. The price is usually displayed in US dollars, but you can change it to other currencies if you prefer. The price is updated in real-time, so you can be sure that you are getting the most up-to-date information.
Step 3: Check the Bitcoin Market Cap
In addition to the price, Coingecko also displays the market capitalization of Bitcoin. This is the total value of all the Bitcoin in circulation. The market cap is an important metric because it gives you an idea of the overall value of Bitcoin.
Step 4: Check the Bitcoin Dominance
Bitcoin dominance is another important metric that Coingecko displays. It shows the percentage of the total cryptocurrency market that is made up of Bitcoin. A high dominance percentage indicates that Bitcoin is the dominant cryptocurrency in the market.
Step 5: Check the Bitcoin Trading Volume
Finally, Coingecko also displays the Bitcoin trading volume. This is the total amount of Bitcoin that has been traded in the last 24 hours. The trading volume is an important metric because it gives you an idea of how active the Bitcoin market is.
In conclusion, Coingecko is a powerful tool for tracking the value of Bitcoin. By following the steps outlined in this article, you can easily monitor the price, market cap, dominance, and trading volume of Bitcoin. This information can be useful for making informed decisions about when to buy or sell Bitcoin.