Bitcoin Is On Its Way To Crush Altcoins, New Predictions Claim

It’s been just revealed that Bitcoin is on its way to crushing some altcoins, according to the latest reports. Check out some new crypto predicitons below.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $28,899.

Popular crypto analyst Benjamin Cowen thinks king crypto Bitcoin (BTC) is a much stronger asset than most altcoins.

In a new YouTube video, Cowen said the fact that altcoins tend to do worse than Bitcoin in the bear market and recovery years.

He also said that some altcoins would outperform BTC, but says it’s just difficult to identify which ones will.

He also made sure to address the recent upswing in Bitcoin dominance: In early March, BTC dominance hovered around 42%, and now it currently stands at 45.9%, a more than 9% increase.

The analyst said that Bitcoin dominance could move sideways for a few weeks to a month before continuing to move upwards past 50%.

He made sure to explain the fact that there is “some merit” to excluding stablecoins from Bitcoin dominance charts to better understand how the actual altcoin market is doing in comparison to Bitcoin.

“Ever since [January 2022], the dominance excluding stables just continues to put in one higher low after another.”

Digital assets manager CoinShares has recently said that institutional crypto investment products enjoyed their fourth consecutive week of inflows last week.

In its latest Digital Asset Fund Flows Weekly Report, CoinShares said that institutional crypto investment products saw inflows of nearly $114 million last week. This is a continued sign of bullishness from institutional investors.

“Digital asset investment products saw inflows totaling $114m last week, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total $345m, almost fully correcting the prior 6-week run of outflows that totaled $408m.”