Cryptocurrency analyst Benjamin Cowen believes that if Bitcoin's dominance in the market reaches 60%, it could trigger volatility for altcoins. Cowen suggests that a spike above the 60% threshold in Bitcoin dominance could lead to a relief bounce in ALT/BTC pairs, potentially introducing expected volatility into the market. However, Cowen also noted that Bitcoin's dominance may not hold above 60% for long. The rise in Bitcoin's dominance since the beginning of 2024 aligns with a December spike followed by a decline in altcoin values, indicating a potential repeat pattern and another altcoin surge. However, the timing of such a surge could be crucial given the current sentiment in the crypto industry and expectations of revised US crypto regulation.



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