Crypto analyst Benjamin Cowen anticipates that Bitcoin BTC/USD will maintain its dominance over altcoins until there are alterations in the US monetary policy.
What Happened: In a video post on Wednesday, Cowen communicated his insights to his 892,000 YouTube subscribers. He anticipates that the total market cap of altcoins, excluding Bitcoin and Ethereum, will persist in its decline against Bitcoin.
Cowen’s prediction is that Bitcoin will continue to outperform altcoins until the US Federal Reserve relaxes its monetary policy. “My base case right now for Bitcoin dominance is that it will likely go higher until quantitative tightening is over,” Cowen expressed in the post.
The term Bitcoin dominance refers to the…
