**Crypto Market Update: Altcoins Face Tough Times Ahead**

Altcoins might be in for a rough ride before seeing any gains, according to ITC Crypto founder Benjamin Cowen. He predicts a "final altcoin reckoning" by December 2024 or early January 2025, comparing it to the bear market of 2019. Cowen believes altcoins will follow a similar recovery pattern seen in 2020, potentially surging in 2025.

Bitcoin's market dominance is at 60.5%, its highest since March 2021, making significant altcoin movements unlikely until BTC's share drops below 50%. Over the weekend, the crypto market's total capitalization fell to $2.4 trillion, with altcoins like ETH, SOL, and BNB taking the biggest hits.