Crypto analyst Benjamin Cowen believes that Bitcoin (BTC) will outperform altcoins for the rest of 2024. He suggests that altcoins could decline further against BTC as Bitcoin's dominance level hovers around 60%. Cowen also points to the TOTAL3 chart, which tracks the market cap of all crypto assets excluding BTC, ETH, and stablecoins, indicating a potential decline against Bitcoin. He states that there is historical precedence for Bitcoin's dominance to increase during the rest of the year. Additionally, Cowen notes that Bitcoin's performance is correlating with the US dollar index (DXY), contrary to popular opinion. At the time of writing, Bitcoin is trading at $90,385, up 2.5% in the last 24 hours.



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