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Coin Edition 2025-03-11 03:30:00

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). https://twitter.com/intocryptoverse/status/1899105889522487553 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 .