So, Benjamin Cowen — yes, the crypto wizard with nearly 900k subscribers and a name that sounds like he might know what he’s doing — says Bitcoin (BTC) is still going to school all those altcoins. 🍎 vs. every other fruit salad in the crypto bowl.
In his latest huddle with the YouTube faithful, Ben drops the hot tea: the total market cap of altcoins (that fancy-sounding “Total3” — basically everything except Bitcoin & Ethereum) is on its way down, like last year’s jeans you swore you’d never give up but, well, you did.
“…altcoin/Bitcoin pairs are somewhat flat. I think they’re probably going to spend the next few weeks dropping just like they did last year…” Translation: altcoins are looking a bit meh compared to Bitcoin. Oof.
Now, here’s where it gets juicy. Bitcoin will keep flexing its muscles until the US monetary bigwigs decide to chill on the tightening. Yep, we’re talking Fed moves and all the monetary jazz that makes your eyes glaze over.
“My base case right now for Bitcoin dominance is that it will likely go higher until quantitative tightening is over…
… I’m bullish on Bitcoin dominance because quantitative tightening has not ended. If the Federal Reserve were to end quantitative tightening at the next FOMC meeting, then it’s possible that my opinion would change.”
Bitcoin dominance is crypto speak for “Bitcoin’s poster child status” — it’s either zooming ahead of the pack or just falling less awkwardly than everyone else. 📈
As for when the Fed might tap out, Ben’s throwing around guesses like a dart champion with a blindfold:
“Now, I don’t know how long it’s going to take them to end quantitative tightening, it’s possible they end it this summer.” So, maybe we’ll all get a break before the next heatwave.
Meanwhile, Bitcoin’s chilling at a cool $84,270 as we speak — basically the crypto equivalent of arriving at the party in a limo while the altcoins carpool separately.
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2025-04-18 10:25