Altcoin News Official TheBitTimes.com

Analyst and trader Michaël van de Poppe is warning that the top two crypto assets by market cap may have deeper corrections as markets trade lower with new US data showing a rise in inflation. Van de Poppe tells his 795,100 followers on the social media platform X that after Bitcoin (BTC) printed new all-time highs and Ethereum (ETH) surged into the $3,000 range, the digital assets will likely start trending lower based on historical precedent. “Classic move on the markets here. Likely we’re going to be seeing some more downside on Bitcoin and Ethereum to squeeze out the longs. Remember: volatility goes up, price goes up. This means harsh corrections are around the corner.” Source: Michaël van de Poppe/X Looking at his chart, the analyst suggests ETH may decline to the $2,750 level before a trend reversal. Bitcoin is trading for $116,947 at time of writing, down 5% from its all-time high of $122,838 on Monday. Meanwhile, Ethereum is trading fo...

Analyst and trader Benjamin Cowen believes Bitcoin (BTC) is primed to continue outperforming altcoins. In a new strategy session, Cowen tells his 892,000 YouTube subscribers that the total market cap of altcoins (Total3) when paired against Bitcoin is going to continue on a downtrend. Total3 is the total market cap of all cryptocurrencies with the exception of Bitcoin and Ethereum (ETH). “…now 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… “ Source: Benjamin Cowen/X Cowen further says that Bitcoin is likely to continue outperforming altcoins until the US monetary policy eases. “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 ti...