Bitcoin’s Superpower: Altcoins Left in the Dust After FOMC? 😱

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Well, well, well! Look who’s still the king of the crypto jungle. Since 2025 kicked off, altcoins have been tripping over themselves while Bitcoin strides confidently ahead. Experts, in their oh-so-wise ways, predict that after yesterday’s FOMC meeting, Bitcoin is going to keep showing off. Why? Because Fed Chair Jerome Powell decided that, hey, interest rates will stay at a cozy 4.25-4.5%. So, guess what? Bitcoin (BTC) just might flex even more, gobbling up market dominance like it’s going out of style! 💰💪

So… What’s Next for Altcoins? Are They Finally Done?!

At the FOMC meeting on May 7, Jerome Powell did the expected thing—kept those interest rates flat, just like a pancake after Sunday brunch. The market? Oh, it’s doing its happy dance! Some altcoins are showing a bit of muscle. Ethereum (ETH) is up 6%, moving to around $1945 after pulling off the grand Pectra upgrade. Other coins? A modest 3-5% gain, nothing too crazy, but hey, we’ll take it. 🥳

Now, let’s talk reality: Analysts aren’t exactly throwing a party for altcoins just yet. Why? Because altcoins are still limping behind Bitcoin like a dog chasing a Ferrari. The top 140 tokens have dropped an average of 58% since their highs back in December 2024. Meanwhile, Bitcoin is just sitting pretty, down a teensy 3%. And get this—Bitcoin’s market dominance has jumped from 49% to a whopping 65%! Talk about a glow-up! ✨

Bitcoin: The Only One Playing the Long Game 🏆

Benjamin Cowen, the crypto guru, isn’t exactly optimistic about altcoins either. He thinks the poor things will keep getting pummeled as quantitative tightening (QT) continues. Poor altcoins. Cowen predicts Bitcoin dominance could hit 66%, pushing altcoins further into the abyss. He even expects ALT/BTC pairs to fall from their current 0.34 to 0.32, and maybe even plummet to 0.25! Someone get those altcoins a parachute. 🪂

Bitcoin is the cool kid in class, and altcoins? Well, they’re still trying to figure out where to sit at lunch. According to Rekt Capital, Bitcoin’s dominance could skyrocket to 71% before altcoins even get a chance to have their moment in the sun. 🏄‍♀️

So here’s the big question: Can altcoins keep their tiny rally going, or are they just going to sit there and watch Bitcoin ride off into the sunset? Only time will tell… but don’t hold your breath. 😏

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2025-05-08 14:51