Ethereum

Bitcoin

<p>In a new video, popular crypto analyst Benjamin Cowen <a href="https://www.youtube.com/watch?v=SUZhaVH9PqQ" target="_blank" rel="noopener noreferrer nofollow">shared</a> his insights on the current dynamics between Bitcoin and altcoins with his 787,000 subscribers. He believes several factors point to Bitcoin dominance increasing in the near future.</p>
<p>Cowen highlighted that both Bitcoin and Ethereum dominance charts are showing lower highs recently: <em>“If you were to look at the Ethereum dominance, what do you see here? It’s the same thing with Bitcoin dominance.”</em></p>
<p>This suggests the tide may be shifting away from altcoins and back towards Bitcoin as the crypto market leader. As Cowen put it: <em>“The Ethereum Bitcoin evaluation has been breaking down.”</em></p>
<p>One major factor is the Federal Reserve’s hawkish monetary policy. Cowen noted: <em>“The FED has been clear that they have no interest in lowering rates and going back to QE until they’ve successfully squashed inflation.” </em>This is sucking liquidity out of the crypto markets.</p>
<p>Cowen also pointed to how last summer, Ethereum’s dominance dropped to just 14% as an example of how altcoins can dramatically lose market share. He believes liquidity is flowing from higher risk assets like altcoins into lower risk ones like Bitcoin: <em>“I think liquidity is what’s driving this market, and I think liquidity is leaving higher risk assets and going to lower risk assets.”</em></p>
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<p>In summary, Cowen sees Bitcoin as a safer bet in the current environment: <em>“Bitcoin gives you exposure to the upside while minimizing your downside risk.”</em> With Bitcoin dominance rising, he seems cautious on altcoins until there are clearer signs of a trend reversal.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/why-bitcoin-is-poised-to-reign-supreme-over-ethereum-once-again-top-analyst/">Why Bitcoin is Poised to Reign Supreme Over Ethereum Once Again – Top Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Bitcoin is Poised to Reign Supreme Over Ethereum Once Again – Top Analyst

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