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Market Cap$ 3.10T+1.54%
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DominanceBTC60.95%+0.23%ETH7.02%+0.47%
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MainNewsA 60% Bitcoi...

A 60% Bitcoin Dominance Could Shake Up the Altcoins Market – Analyst


by Ikemefula Aruogu
for CoinEdition
Crypto Analyst Foresees an Altcoin Market Response if Bitcoin Dominance Crosses 60%
  • Benjamin Cowen has identified a scenario that could trigger altcoin market volatility.
  • Bitcoin dominance above 60% could trigger a response from altcoins.
  • The Bitcoin dominance metric is close to a crucial resistance.

Crypto analyst Benjamin Cowen believes that Bitcoin’s dominance in the cryptocurrency market could soon trigger volatility for altcoins. In a recent post on X, Cowen highlighted Bitcoin’s current dominance level, forecasting a potential outcome and how it might affect the broader market.

At the time of Cowen’s post, Bitcoin’s dominance was 59.68%. Currently, that figure hasn’t changed much. Data from TradingView shows a slight decline to 59.61% in the relatively calm crypto market. Cowen suggests that 60% Bitcoin dominance could be the catalyst that sparks a shift in the crypto market narrative.

Related:…

The post A 60% Bitcoin Dominance Could Shake Up the Altcoins Market – Analyst appeared first on Coin Edition.

Read the article at CoinEdition

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Bitcoin Season Reigns: Altcoin Index Flatlines Near Record Lows

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MainNewsA 60% Bitcoi...

A 60% Bitcoin Dominance Could Shake Up the Altcoins Market – Analyst


by Ikemefula Aruogu
for CoinEdition
Crypto Analyst Foresees an Altcoin Market Response if Bitcoin Dominance Crosses 60%
  • Benjamin Cowen has identified a scenario that could trigger altcoin market volatility.
  • Bitcoin dominance above 60% could trigger a response from altcoins.
  • The Bitcoin dominance metric is close to a crucial resistance.

Crypto analyst Benjamin Cowen believes that Bitcoin’s dominance in the cryptocurrency market could soon trigger volatility for altcoins. In a recent post on X, Cowen highlighted Bitcoin’s current dominance level, forecasting a potential outcome and how it might affect the broader market.

At the time of Cowen’s post, Bitcoin’s dominance was 59.68%. Currently, that figure hasn’t changed much. Data from TradingView shows a slight decline to 59.61% in the relatively calm crypto market. Cowen suggests that 60% Bitcoin dominance could be the catalyst that sparks a shift in the crypto market narrative.

Related:…

The post A 60% Bitcoin Dominance Could Shake Up the Altcoins Market – Analyst appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Season Reigns: Altcoin Index Flatlines Near Record Lows

Bitcoin Season Reigns: Altcoin Index Flatlines Near Record Lows

The altcoin market has not shown much of a revival despite growing excitement around ...
Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain

Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain

Bitcoin (BTC) sparked renewed crypto market vigor early Thursday, briefly surging to ...