Posts

Showing posts with the label quantitative tightening

Crypto Bull Run Ahead: Powell Just Telegraphed End Of QT

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Bitcoin To Continue Massively Outperforming Altcoins Until This Happens, According to Analyst Benjamin Cowen

Image
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...