Altcoins may be heading for deeper losses against Bitcoin, according to crypto market analyst Benjamin Cowen, who sees no signs of reversal in the broader trend.
Examining the TOTAL 3 index—a measure of crypto market cap excluding Bitcoin, Ethereum, and stablecoins—Cowen notes a continued slide with no clear bottom in sight.
He views most altcoins as short-term speculative assets that tend to bleed value when measured against BTC over time.
Rather than pinning hopes on isolated altcoin strength, Cowen believes the broader market is shifting, with capital quietly rotating from alts back into Bitcoin.
A recent dip to new lows in June, he says, invalidates earlier claims of an “altseason” rebound.
His outlook is stark: without a clear structural change, altcoins may continue underperforming as Bitcoin reclaims dominance in the crypto landscape.
Bitcoin’s available supply is drying up fast, setting the stage for potential market turbulence, according to Sygnum Bank’s latest outlook.
XRP (XRP) has dropped by 2.4% in the past 24 hours as a much-needed pullback continues to unfold The token currently sits at $2.20 but trading volumes have dropped by 19% in the past 24 hours, meaning that the selling pressure has eased. Crypto liquidations have surged to $230 million in the past 24 hours […]
While Bitcoin has already set fresh all-time highs, Ethereum continues to lag behind its peak, leaving many investors wondering when the top altcoin will catch up.
Rumors are heating up around Solana-based memecoin platform Pump.fun, which is said to be prepping a $1 billion token sale at a $4 billion valuation—though the team has yet to confirm any details publicly.