On Sunday (June 12), popular crypto analyst Benjamin Cowen commented on how he expects altcoins to perform versus Bitcoin in the current bear market.
Earlier today, Cowen told his over 665K Twitter followers:
Cown also believes that $BTC dominance, which is currently around 45.6%, will increase to as much as 60% later in the year.
According to data by TradingView, currently (as of 8:24 a.m. UTC on June 12), on crypto exchange Bitstamp, Bitcoin is trading around $27,529, down 5.80% in the past 24-hour period, and Ethereum is trading around $1,468, down 11.72% in the same period.
As for other altcoins, $BNB, $ADA, $SOL, $DOT, and $AVAX are all suffering double-digit percentage losses vs USD.