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Benzinga
Benzinga
Business
Khyathi Dalal

Here's Why You Need To Watch Bitcoin If You're Betting On ETH, XRP

Bitcoin Benjamin Cowen Crypto Ethereum altcoin
Cryptocurrency,,Focus,Bitcoin,On,Tablet,Screen,That,Showing,Green,Price

Crypto analyst Benjamin Cowen says that a true altcoin season will only begin once both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) reach new all-time highs, marking a structural shift in market dynamics.

What Happened: In an interview with Scott Melker on Oct. 19, Cowen explained that the recent market wipeout, where over $20 billion in crypto positions were liquidated in just 10 days, aligns closely with a 2017-style cycle pattern.

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