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Popular Analyst: Attention, in this case the crypto money market will collapse!

February 9, 20257

The crypto currency market has been fighting strong fluctuations lately. A closely followed crypto analyst attracts attention to the correlation between crypto and stocks. Analyst warns that the crypto market may fall further if this correlation continues.

Analyst warns the crypto money market collapse!

Crypto Analyst Justin Bennett says that the crypto market will see more deeper correction as stocks fall. Analyst If you use the stock market for tips about crypto (recommended), S&P is rejected from high intervals on Friday. The most likely way here seems to be a return to the 5,877 zone. This can drag the crypto along. Also, considering where Ethereum was traded, it’s time to pay attention. ” says.

Bennett also believes that the leading crypto currency will continue to perform better than subcoins based on Bitcoin’s (BTC) Metric Bitcoin (BTC.D). Bitcoin domination is currently 61.92 %. Traders use BTC.D to track whether Altcoins perform better than Bitcoin. Because this indicator calculates how much of the crypto market value belongs to BTC. In this context, Bennett makes the following statement:

Do you remember this call of 4 December on Bitcoin domination? BTC dominance never looked back. As discussed in December, I am not surprised to see that BTC.D has a tendency towards 72 %in the coming months. Respect this tendency until it is proved otherwise.

” BTC Shorts are more stuck than ETH Short! ”

Meanwhile, Bitcoin is traded for $ 96,343 with a decrease of 3.43 %during the day. ETH changes hands for $ 2,624 with a decrease of 4.92 %in the last 24 hours. While the analyst reacts to the latest comments of US President Donald Trump’s trade tariffs, the markets predict that both BTC and Ethereum (ETH) will be treated horizontally with a decrease tendency in the near term. In this respect, the analyst says:

BTC Shorts are stuck more than ETH Short. Considering how weak ETH is, this is not a big surprise. Following Trump’s comments on mutual tariffs, the Bitcoin middle range once again serves as resistance.