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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin Could See Bearish August, Analyst Says—What Does It Mean For Ethereum, XRP, Solana?

Bitcoin,On,Red,Down,Trend,Arrow.

Crypto analyst Benjamin Cowen expects a bearish month for Bitcoin (CRYPTO: BTC) in August, which could lead to fresh lows for altcoins.

What Happened: In a July 21 podcast, Cowen maintains that altcoins remain elevated when measured against BTC, citing his custom indicator, “Total3 minus USDT divided by Bitcoin”, which suggests further downside for altcoins.

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