Bitcoin Dominance Surge: Crypto Analyst Predicts 60% by Year-End

IconCryptoNewsTerminal Staff14 Jul, 2024

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Bitcoin Dominance Surge: Crypto Analyst Predicts 60% by Year-End

Benjamin Cowen, a reputable crypto analyst and founder of IntoTheCryptoverse, has projected that Bitcoin (BTC) dominance will witness a significant increase to 60% by the end of 2023. Currently standing at 54.5%, Cowen highlights this as a bullish indicator despite the recent market downturn. Cowen's analysis incorporates a combination of factors, including the potential easing of monetary policies and historical market trends. He believes these elements contribute to the likelihood of a surge in Bitcoin dominance in the coming months.