Bitcoin Dominance & the Altcoin Squeeze: Cowen Predicts Continued Underperformance

Cowen Research predicts a continued trend of altcoins struggling against Bitcoin, especially as BTC’s dominance rises due to Quantitative Tightening (QT). This pattern aligns with the market response to the Fed slowing its QT efforts last year, resulting in a decline in altcoin performance relative to Bitcoin. 2025 sees Cowen expecting similar consequences. The chart shows Bitcoin’s dominance increasing alongside periods of slowed QT, indicating a trend that could continue into next year.