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Crypto analyst Benjamin Cowen predicts a potential 40% decline in altcoin valuations against Bitcoin (BTC) in the coming months.
Cowen bases his prediction on historical data, noting a similar trend preceding rate cuts in the past. The broader crypto market is currently facing a bearish trend, with Bitcoin ETFs experiencing significant outflows.
This prediction comes amidst rising inflation and uncertainty about the Federal Reserve's monetary policy.
Do you agree with Cowen's analysis? Share your thoughts in the comments!
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