Bitcoin Dominance Surges Past 60% Threshold, Signaling Potential Crypto Market Shift and Altcoin Pressure, Analyst Warns

• Bitcoin dominance nears 62%, signaling altcoin weakness amid market-wide uncertainty.
• Key support at 60.63% may determine Bitcoin dominance’s next breakout or decline.
• Ethereum struggles below $2,000 as BTC dominance pressures the altcoin market.

Bitcoin dominance has been on an upward path, signaling a shift in the broader crypto market. 

According to Benjamin Cowen, a well-regarded market analyst, Bitcoin dominance has broken through 60%, achieving a significant milestone in the market cycle. 

Analyst’s Market Outlook

Cowen’s analysis projects a scenario where Bitcoin firmly establishes its dominance, the market experiences a selloff, Ethereum encounters headwinds, and the Federal Reserve eventually concludes its quantitative tightening (QT). 

This sequence could set the stage for a market rally before macroeconomic conditions deteriorate later in the year, potentially leading to a recession in 2026, aligning with historical midterm-year bear markets.

Analyzing Bitcoin’s Dominance Trajectory

Bitcoin’s market dominance has maintained a consistent uptrend since mid-2024.…

The post Bitcoin Dominance Surges Past 60% Threshold, Signaling Potential Crypto Market Shift and Altcoin Pressure, Analyst Warns appeared first on Coin Edition.