Bitcoin (BTC) in the cryptocurrency market 
$67,355has been targeting $70,000 in recent days, while altcoins have been performing weaker. Ethereum (ETH) 
$2,621Although leading altcoins such as , BNB, and Solana (SOL) are in a recovery trend, analysts do not expect this move to bring a rise in the short term. Market experts point out that altcoins may not achieve a strong rise in the fourth quarter of this year.
The Expected Rise in Altcoins May Be Delayed
Popular crypto analyst Benjamin Cowen emphasized that altcoins are losing strength against Bitcoin. Cowen attributes the decline in ALT/BTC pairs to the decrease in net liquidity and the rise of the US Dollar Index (DXY). In addition, he states that it is difficult for altcoins to experience a major recovery in the near future. Cowen predicts that this downward trend may continue until 2025 and states that Bitcoin’s market dominance will increase.
Cowen predicts that Bitcoin’s dominance rate will reach 60% by the end of the year. With Bitcoin continuing to lead the market, altcoins are likely to remain weaker. It is claimed that altcoins may gain stronger momentum in 2025 with interest rate cuts and possible quantitative easing (QE) steps. However, it is emphasized that patience is required in this process.
Bitcoin Dominance Is Strengthening, Altcoins Are on Hold
Bitcoin’s market dominance in the cryptocurrency market is increasing. On-chain data shows that Bitcoin is also ahead in discussions on social media platforms. The BTC price, which rose above $ 68,000 for the first time since July, drew investors’ attention away from altcoins. However, demand for Bitcoin spot ETFs is also growing rapidly. As of this week, spot ETFs in the US broke a record by increasing the amount of Bitcoin under their management to 950,000 BTC.
In this period when the US presidential elections are approaching, the increasing probability of Donald Trump to win is also promising in terms of crypto regulations. Analysts believe that the crypto regulatory congestion experienced under the Biden administration may end with Trump’s possible victory. However, market conditions and global economic developments require patience for altcoins until 2025.
As a result, Bitcoin’s market leadership strengthens, while bullish hopes for altcoins appear to be postponed for now. Experts warn that altcoin investors should be patient.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
