• bitcoinBitcoin (BTC) $ 59,463.00
  • ethereumEthereum (ETH) $ 3,177.22
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 534.98
  • solanaSolana (SOL) $ 144.06
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,176.80
  • xrpXRP (XRP) $ 0.519499
  • the-open-networkToncoin (TON) $ 7.28
  • dogecoinDogecoin (DOGE) $ 0.112845
  • cardanoCardano (ADA) $ 0.430276
  • tronTRON (TRX) $ 0.139845
  • avalanche-2Avalanche (AVAX) $ 26.01
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 59,396.00
  • polkadotPolkadot (DOT) $ 6.19
  • chainlinkChainlink (LINK) $ 12.96
  • bitcoin-cashBitcoin Cash (BCH) $ 376.92
  • uniswapUniswap (UNI) $ 8.16
  • nearNEAR Protocol (NEAR) $ 5.34
  • leo-tokenLEO Token (LEO) $ 5.80
  • daiDai (DAI) $ 0.999692
  • litecoinLitecoin (LTC) $ 70.01
  • matic-networkPolygon (MATIC) $ 0.528209
  • wrapped-eethWrapped eETH (WEETH) $ 3,309.62
  • kaspaKaspa (KAS) $ 0.169661
  • internet-computerInternet Computer (ICP) $ 8.80
  • pepePepe (PEPE) $ 0.000009
  • ethena-usdeEthena USDe (USDE) $ 0.999328
  • ethereum-classicEthereum Classic (ETC) $ 22.32
  • aptosAptos (APT) $ 6.43
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.18
  • stellarStellar (XLM) $ 0.100377
  • moneroMonero (XMR) $ 156.55
  • hedera-hashgraphHedera (HBAR) $ 0.071359
  • makerMaker (MKR) $ 2,728.22
  • blockstackStacks (STX) $ 1.67
  • crypto-com-chainCronos (CRO) $ 0.091861
  • filecoinFilecoin (FIL) $ 4.27
  • cosmosCosmos Hub (ATOM) $ 6.18
  • render-tokenRender (RNDR) $ 6.13
  • mantleMantle (MNT) $ 0.723986
  • okbOKB (OKB) $ 39.37
  • vechainVeChain (VET) $ 0.029107
  • arbitrumArbitrum (ARB) $ 0.697522
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,218.76
  • immutable-xImmutable (IMX) $ 1.34
  • injective-protocolInjective (INJ) $ 20.48
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999721
  • suiSui (SUI) $ 0.768489
  • optimismOptimism (OP) $ 1.71
  • bittensorBittensor (TAO) $ 261.54
  • the-graphThe Graph (GRT) $ 0.192304
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,555.55
  • bonkBonk (BONK) $ 0.000024
  • dogwifcoindogwifhat (WIF) $ 1.65
  • arweaveArweave (AR) $ 24.77
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,300.42
  • notcoinNotcoin (NOT) $ 0.015324
  • aaveAave (AAVE) $ 100.87
  • lido-daoLido DAO (LDO) $ 1.67
  • bitget-tokenBitget Token (BGB) $ 1.04
  • ondo-financeOndo (ONDO) $ 0.999282
  • theta-tokenTheta Network (THETA) $ 1.42
  • flokiFLOKI (FLOKI) $ 0.000146
  • whitebitWhiteBIT Coin (WBT) $ 9.54
  • fantomFantom (FTM) $ 0.487288
  • thorchainTHORChain (RUNE) $ 3.71
  • celestiaCelestia (TIA) $ 6.20
  • algorandAlgorand (ALGO) $ 0.145037
  • jasmycoinJasmyCoin (JASMY) $ 0.024307
  • based-brettBrett (BRETT) $ 0.117054
  • pyth-networkPyth Network (PYTH) $ 0.305967
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,168.53
  • jupiter-exchange-solanaJupiter (JUP) $ 0.785671
  • quant-networkQuant (QNT) $ 71.62
  • sei-networkSei (SEI) $ 0.325867
  • coredaoorgCore (CORE) $ 1.10
  • elrond-erd-2MultiversX (EGLD) $ 35.63
  • gatechain-tokenGate (GT) $ 7.18
  • flare-networksFlare (FLR) $ 0.019908
  • mantra-daoMANTRA (OM) $ 1.08
  • kucoin-sharesKuCoin (KCS) $ 9.18
  • flowFlow (FLOW) $ 0.575453
  • akash-networkAkash Network (AKT) $ 3.43
  • axie-infinityAxie Infinity (AXS) $ 5.58
  • eosEOS (EOS) $ 0.548355
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,230.48
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.51
  • dydx-chaindYdX (DYDX) $ 1.33
  • bitcoin-svBitcoin SV (BSV) $ 40.48
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.98
  • galaGALA (GALA) $ 0.021726
  • bittorrentBitTorrent (BTT) $ 0.00000082
  • beam-2Beam (BEAM) $ 0.015531
  • tezosTezos (XTZ) $ 0.785657
  • msolMarinade Staked SOL (MSOL) $ 173.32
  • neoNEO (NEO) $ 10.77
  • fasttokenFasttoken (FTN) $ 2.35
  • usddUSDD (USDD) $ 1.00
  • starknetStarknet (STRK) $ 0.563497
  • the-sandboxThe Sandbox (SAND) $ 0.315462
  • zebec-protocolZebec Protocol (ZBC) $ 0.014087
  • roninRonin (RON) $ 2.12
  • ordinalsORDI (ORDI) $ 33.23
  • gnosisGnosis (GNO) $ 264.79
  • ethenaEthena (ENA) $ 0.399702
  • lido-staked-solLido Staked SOL (STSOL) $ 169.42
  • fraxFrax (FRAX) $ 0.997477
  • nexoNEXO (NEXO) $ 1.15
  • mog-coinMog Coin (MOG) $ 0.000002
  • frax-etherFrax Ether (FRXETH) $ 3,171.42
  • decentralandDecentraland (MANA) $ 0.331878
  • conflux-tokenConflux (CFX) $ 0.146131
  • ecasheCash (XEC) $ 0.000031
  • chilizChiliz (CHZ) $ 0.068368
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,421.59
  • pendlePendle (PENDLE) $ 3.83
  • tether-goldTether Gold (XAUT) $ 2,411.27
  • safeSafe (SAFE) $ 1.39
  • zksyncZKsync (ZK) $ 0.159110
  • mina-protocolMina Protocol (MINA) $ 0.507422
  • dexeDeXe (DEXE) $ 10.05
  • havvenSynthetix Network (SNX) $ 1.70
  • klay-tokenKlaytn (KLAY) $ 0.148929
  • oasis-networkOasis Network (ROSE) $ 0.081738
  • popcatPopcat (POPCAT) $ 0.555885
  • astarAstar (ASTR) $ 0.077653
  • heliumHelium (HNT) $ 3.20
  • iotaIOTA (IOTA) $ 0.160025
  • book-of-memeBOOK OF MEME (BOME) $ 0.007715
  • swethSwell Ethereum (SWETH) $ 3,368.33
  • 1inch1inch (1INCH) $ 0.412282
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.90
  • wormholeWormhole (W) $ 0.283266
  • wemix-tokenWEMIX (WEMIX) $ 1.25
  • axelarAxelar (AXL) $ 0.699019
  • worldcoin-wldWorldcoin (WLD) $ 1.83
  • apecoinApeCoin (APE) $ 0.739925
  • raydiumRaydium (RAY) $ 1.89
  • true-usdTrueUSD (TUSD) $ 0.999359
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,463.93
  • nervos-networkNervos Network (CKB) $ 0.010885
  • aioz-networkAIOZ Network (AIOZ) $ 0.430461
  • xdce-crowd-saleXDC Network (XDC) $ 0.031128
  • livepeerLivepeer (LPT) $ 13.86
  • theta-fuelTheta Fuel (TFUEL) $ 0.069441
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004563
  • apenftAPENFT (NFT) $ 0.00000045
  • pax-goldPAX Gold (PAXG) $ 2,397.44
  • bitcoin-goldBitcoin Gold (BTG) $ 24.89
  • illuviumIlluvium (ILV) $ 64.85
  • kavaKava (KAVA) $ 0.398171
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000020
  • stader-ethxStader ETHx (ETHX) $ 3,284.25
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000075
  • zcashZcash (ZEC) $ 26.81
  • usdbUSDB (USDB) $ 0.994160
  • layerzeroLayerZero (ZRO) $ 3.65
  • aevo-exchangeAevo (AEVO) $ 0.471202
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • aerodrome-financeAerodrome Finance (AERO) $ 0.713473
  • magaMAGA (TRUMP) $ 8.02
  • mx-tokenMX (MX) $ 3.79
  • echelon-primeEchelon Prime (PRIME) $ 8.62
  • woo-networkWOO (WOO) $ 0.191960
  • iotexIoTeX (IOTX) $ 0.038368
  • safepalSafePal (SFP) $ 0.766431
  • singularitynetSingularityNET (AGIX) $ 0.509432
  • h2o-daoH2O Dao (H2O) $ 0.422262
  • corgiaiCorgiAI (CORGIAI) $ 0.001011
  • curve-dao-tokenCurve DAO (CRV) $ 0.288019
  • compound-ethercETH (CETH) $ 63.84
  • stepnGMT (GMT) $ 0.147848
  • rocket-poolRocket Pool (RPL) $ 16.28
  • kusamaKusama (KSM) $ 21.79
  • beldexBeldex (BDX) $ 0.048957
  • compound-governance-tokenCompound (COMP) $ 47.47
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.064943
  • osmosisOsmosis (OSMO) $ 0.483275
  • memecoin-2Memecoin (MEME) $ 0.014723
  • arkhamArkham (ARKM) $ 1.38
  • aragonAragon (ANT) $ 8.03
  • golemGolem (GLM) $ 0.316651
  • dashDash (DASH) $ 26.07
  • holotokenHolo (HOT) $ 0.001737
  • zilliqaZilliqa (ZIL) $ 0.016381
  • dydxdYdX (ETHDYDX) $ 1.33
  • compound-wrapped-btccWBTC (CWBTC) $ 1,194.42
  • justJUST (JST) $ 0.029876
  • blurBlur (BLUR) $ 0.170530
  • blastBlast (BLAST) $ 0.016500
  • radixRadix (XRD) $ 0.027952
  • celoCelo (CELO) $ 0.537509
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003277
  • manta-networkManta Network (MANTA) $ 0.851825
  • project-galaxyGalxe (GAL) $ 2.40
  • ankrAnkr Network (ANKR) $ 0.028270
  • enjincoinEnjin Coin (ENJ) $ 0.169699

‘Most Brutal Part of the Market Cycle’ Now Unfolding for Crypto Markets, Says Analyst Benjamin Cowen

0 153

Crypto strategist Benjamin Cowen says that the crypto market is entering one of the most “brutal” stages of its cycle.

Cowen tells his 768,800 followers on the social media platform X that Bitcoin’s (BTC) dominance, or its total share of the crypto market capitalization, is now going up as risk appetite for the asset class declines.

“We’ve been discussing this phase of the market cycle for a while. Namely, where BTC drops, but BTC dominance (BTC.D) goes up, because altcoins are dropping more. It is always the most brutal part of the market cycle.”

‘Most Brutal Part of the Market Cycle’ Now Unfolding for Crypto Markets, Says Analyst Benjamin Cowen

Source: Benjamin Cowen/X

In a new YouTube strategy session, Cowen uses Fibonacci retracement levels to suggest that Bitcoin’s dominance will likely peak at the 60%, as it did last cycle.

“I’m still a believer in the 60%. It could be slightly different. Like, it could be 59%. It could be 63%. And some people say, Well, what about stablecoins? I think the stablecoin market is why it doesn’t go to 65% or 70%.”

Bitcoin is trading for $27,464 at the of writing and BTC.D is at 51.19%.

Cowen also weighs in on Ethereum (ETH) against Bitcoin, and predicts ETH/BTC will grind its way down to about the 0.037 level, which is about $1,016 at time of writing.

“ETH/BTC collapse continues. It has been a pretty slow process so far (certainly slower than I was expecting), but the trend has in fact been down for a long time.”

‘Most Brutal Part of the Market Cycle’ Now Unfolding for Crypto Markets, Says Analyst Benjamin Cowen

Source: Benjamin Cowen/X

Source

Leave A Reply

Your email address will not be published.