🟨Crypto analyst Benjamin Cowen warns investors against allocating heavily into altcoins relative to Bitcoin in the coming months. He argues that the U.S.’s tight monetary policy and delayed interest rate cuts create a favorable environment for further Bitcoin dominance and weakening performance of altcoins in ALT/BTC pairs.
🟨However, Cowen also points to a seasonal trend: for the past two years, altcoins have shown notable strength against Bitcoin in November. He doesn’t rule out a repeat of this pattern. The analyst further emphasized that weakness in ALT/BTC pairs doesn’t necessarily mean altcoins will decline against the U.S. dollar.