• According to Benjamin Cowen, bitcoin dominance will keep rising.
• Cowen’s prediction is based on the potential for interest rates to go down.
• A falling interest rate would directly impact the Altcoin market capitalization.

According to Benjamin Cowen, founder of Into The Cryptoverse (ITC), bitcoin dominance is increasing. Cowen made the statement during a discussion on the Altcoin Daily YouTube crypto channel. The reason behind Cowen’s prediction is the potential for interest rates to go down, which would directly impact the Altcoin market capitalization.

Using the ‘Total 3’ indicator, which measures the market cap of all cryptocurrencies except bitcoin and ether, the renowned analyst showed that the altcoin market attracts net liquidity. He defined net liquidity as the balance sheet of some of the top central banks like the Fed, the ECB, the central banks of Canada, the UK, China, and Japan, among a few others.

Cowen showed that the altcoin market tracks net liquidity by overlaying the net liquidity metric over the Total 3 indicator. He also noted that the net liquidity is going down, suggesting that the altcoin market would follow the same direction. …

The post Crypto Expert Believes Bitcoin Dominance Will Continue to Rise appeared first on Coin Edition.

• According to Benjamin Cowen, bitcoin dominance will keep rising.
• Cowen’s prediction is based on the potential for interest rates to go down.
• A falling interest rate would directly impact the Altcoin market capitalization.

According to Benjamin Cowen, founder of Into The Cryptoverse (ITC), bitcoin dominance is increasing. Cowen made the statement during a discussion on the Altcoin Daily YouTube crypto channel. The reason behind Cowen’s prediction is the potential for interest rates to go down, which would directly impact the Altcoin market capitalization.

Using the ‘Total 3’ indicator, which measures the market cap of all cryptocurrencies except bitcoin and ether, the renowned analyst showed that the altcoin market attracts net liquidity. He defined net liquidity as the balance sheet of some of the top central banks like the Fed, the ECB, the central banks of Canada, the UK, China, and Japan, among a few others.

Cowen showed that the altcoin market tracks net liquidity by overlaying the net liquidity metric over the Total 3 indicator. He also noted that the net liquidity is going down, suggesting that the altcoin market would follow the same direction. …

The post Crypto Expert Believes Bitcoin Dominance Will Continue to Rise appeared first on Coin Edition.