Here's How Bitcoin And Altcoins Will Behave 'Until Fed Cuts Rates,' According To Veteran Crypto Analyst
Portfolio Pulse from Khyathi Dalal
Crypto analyst Benjamin Cowen predicts that Bitcoin's dominance will continue to rise despite recent market fluctuations, challenging the belief that altcoins are poised for a breakout. He suggests that Altcoin/BTC pairs will decline until the Federal Reserve cuts rates or resumes quantitative easing.
June 26, 2024 | 7:00 pm
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Crypto analyst Benjamin Cowen predicts that Bitcoin's dominance will continue to rise, suggesting that Altcoin/BTC pairs will decline until the Federal Reserve cuts rates or resumes quantitative easing.
Cowen's analysis is based on historical patterns and current market conditions, suggesting that Bitcoin's dominance will continue to rise. This is likely to positively impact BTCUSD in the short term.
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