Cryptocurrency analyst Benjamin Cowen has pointed out how the current market cycle sentiment is majorly impacted by Ethereum’s (CRYPTO: ETH) flat price performance.
What Happened: In a podcast on Friday, Cowen highlighted why many investors are frustrated despite Bitcoin‘s (CRYPTO: BTC) rally to $84,000.
His main observation was that Ethereum is at the same price level as two years ago, a stark contrast to Bitcoin’s 265% rise in the same period.
Cowen attributed Ethereum’s underperformance to monetary policy shifts, particularly the Federal Reserve’s quantitative tightening.
Many investors expected altcoins to …
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