Bitcoin price will continue dwarfing Ethereum, top crypto analyst says
Into The Cryptoverse CEO Benjamin Cowen recently discussed Ethereum’s (ETH) performance in relation to Bitcoin’s (BTC) dominance as the flagship digital asset. In a recent YouTube video, Cowen suggests a continued rise in Bitcoin dominance (BTC.D), indicating that Ethereum may lag behind and show smaller gains compared to BTC. Cowen explains that his crypto portfolio has predominantly held more Bitcoin because he anticipates that BTC will outperform numerous assets, though not all. Additionally, Cowen notes that Ethereum against Bitcoin (ETH/BTC) is encountering substantial resistance after falling below the trendline and attempting a retest. You might also like: Bitcoin and Ethereum outperform traditional assets in 2023 A BTC rally would result in the breakdown of Ether-Bitcoin, he explained. He pointed out how the ETH/BTC pair finally broke the wedge to the downside, highlighting that it’s akin to what happened in the last cycle. As ...