Bitcoin Dominates as Altcoins Face Regulatory Uncertainty and Traders Predict Price Levels

Crypto analyst Benjamin Cowen warns that regulatory uncertainty means Bitcoin (BTC) will likely dominate other digital assets, and that the altcoin market does not always follow Bitcoin after rallies. Cowen is also keeping a close watch on the Bitcoin Dominance index (BTC.D), which tracks how much of the total crypto market capitalization belongs to the king crypto. According to Cowen, BTC.D will likely take out its critical resistance area citing uncertainty in the altcoin markets due regulatory pressure.