⭐⭐Is Bitcoin Dominance Decreasing? ⭐⭐

Famous cryptocurrency analyst Benjamin Cowen predicts that macroeconomic indicators may lead to altcoins gaining strength against Bitcoin in the coming months. Cowen stated that Bitcoin's dominance over the market may have peaked.

In his statement on his YouTube channel, Cowen emphasized that the increase in the National Unemployment Rate (U3) signals a recession, and stated that there was an increase of 0.53 percent in July. Stating that this indicator signals a looser monetary policy in the future, Cowen stated that Bitcoin's dominance may have peaked. He also drew attention to signs of weakening in the labor market, adding that interest rates have not yet been reduced and that this situation may worsen.

Cowen thinks that the weakening in the labor market and loose monetary policy may lead to altcoins gaining strength against Bitcoin. This indicates that investors may enter a period where Bitcoin's dominance in the market may decline and altcoins may come to the fore. The analyst states that macroeconomic indicators and developments in the labor market will be decisive in this process.

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