Altcoins On Verge Of 40 Crash Against Bitcoin Btc Warns Influential Renowned crypto influencer and founder of intothecryptoverse benjamin cowen has issued a warning to cryptocurrency investors, stating that altcoins could be on the brink of a significant downturn against bitcoin (btc). in a recent tweet, cowen highlighted a concerning resemblance between the current altcoin valuation against btc and the. Altcoins could be in for more pain before any gains, according to a crypto trader who predicted that a final “altcoin reckoning” may occur. “it looks like the grand finale of the altcoin.
Warning Bitcoin Will Crash If This Happens Altcoin Season Is Coming Cowen recently stated in a tweet that the chart, which illustrates the total value of all altcoins against btc, exhibits a worrying similarity to the crash in july 2019. the attached chart to cowen’s tweet shows the total 3 index, which includes all altcoins except ethereum (eth). Cowen also predicts that bitcoin dominance (btc.d), which tracks how much of the total crypto market cap belongs to btc, will soar to 60% before altcoins get some relief. “with some indicators flashing recessionary signals, it means the fed will begin to cut rates soon, in order to try and minimize the damage and hope for a soft landing. In a new video update, crypto strategist benjamin cowen tells his 800,000 subscribers that the total3 chart, which tracks the market capitalization of all altcoins minus ethereum and stablecoins, looks bearish against bitcoin. Analyst benjamin cowen believes altcoins could face a rough road ahead, possibly dropping by up to 40% against bitcoin in the coming months. cowen bases his prediction on historical trends, noting declining social interest and looming uncertainty over federal reserve rate cuts.
Bitcoin Price Surge Warning For Altcoin Holders In a new video update, crypto strategist benjamin cowen tells his 800,000 subscribers that the total3 chart, which tracks the market capitalization of all altcoins minus ethereum and stablecoins, looks bearish against bitcoin. Analyst benjamin cowen believes altcoins could face a rough road ahead, possibly dropping by up to 40% against bitcoin in the coming months. cowen bases his prediction on historical trends, noting declining social interest and looming uncertainty over federal reserve rate cuts. Crypto analyst benjamin cowen recently shared insights suggesting a potential correlation between altcoin to bitcoin (alt btc) pairs and impending rate cuts. cowen drew parallels with the previous cycle, noting alt btc pairs’ capitulation just before rate cuts. Benjamin cowen revealed that he believed that altcoins could still drop by 40% 50% against btc. btc’s dominance stood at 48.54% after it increased by 0.27% over the past 24 hours. the total altcoin market cap was resting on the crucial support level at $575.048 billion at press time. Renowned crypto influencer and founder of intothecryptoverse, benjamin cowen, recently cautioned cryptocurrency investors about a potential significant downturn for altcoins in relation to bitcoin (btc). Following the rate cuts, altcoins plunged against bitcoin, with major players recording up to 40% losses during this time. “perhaps this time is not different? this would mean alt btc pairs drop another 40% from here over the next few months,” cowen said.
Elliot Wave Theory Suggests Bitcoin Price Will Crash Below 40 000 Crypto analyst benjamin cowen recently shared insights suggesting a potential correlation between altcoin to bitcoin (alt btc) pairs and impending rate cuts. cowen drew parallels with the previous cycle, noting alt btc pairs’ capitulation just before rate cuts. Benjamin cowen revealed that he believed that altcoins could still drop by 40% 50% against btc. btc’s dominance stood at 48.54% after it increased by 0.27% over the past 24 hours. the total altcoin market cap was resting on the crucial support level at $575.048 billion at press time. Renowned crypto influencer and founder of intothecryptoverse, benjamin cowen, recently cautioned cryptocurrency investors about a potential significant downturn for altcoins in relation to bitcoin (btc). Following the rate cuts, altcoins plunged against bitcoin, with major players recording up to 40% losses during this time. “perhaps this time is not different? this would mean alt btc pairs drop another 40% from here over the next few months,” cowen said.
Bitcoin Top Analyst Warns Bitcoin Correction For Next Four Days Here Renowned crypto influencer and founder of intothecryptoverse, benjamin cowen, recently cautioned cryptocurrency investors about a potential significant downturn for altcoins in relation to bitcoin (btc). Following the rate cuts, altcoins plunged against bitcoin, with major players recording up to 40% losses during this time. “perhaps this time is not different? this would mean alt btc pairs drop another 40% from here over the next few months,” cowen said.