Crypto market entering brutal dominance phase, Bitcoin rising while altcoins drop: analyst

Crypto market entering its most "brutal" stage according to analyst Benjamin Cowen, with Bitcoin dominance rising as altcoins drop more.

Cowen predicts Bitcoin dominance will peak around 60%, like last cycle, rather than going higher due to stablecoins.

Bitcoin trading around $27,464; Cowen expects Ethereum/Bitcoin ratio to grind down to 0.037 (~$1,016).

Cowen says Ethereum/Bitcoin collapse continues, albeit slower than expected.

Overall crypto market risk appetite declining as Bitcoin dominance rises during this phase of the cycle.