• 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.

• 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.