SwissOne Capital, a crypto asset management firm, argues that Bitcoin's dominance in the cryptocurrency market could be challenged by the U.S. Federal Reserve's rate cut cycle. Historically, Bitcoin's dominance has shown a positive correlation with U.S. interest rates, suggesting that further rate cuts could halt its current uptrend. The firm points to previous instances where rate cut cycles coincided with declines in BTC dominance, as central banks injected liquidity into the financial system and alternative cryptocurrencies gained popularity. With the Fed expected to continue cutting rates, SwissOne Capital suggests that BTC dominance may face limits on further growth.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-10-10
Crypto Asset Management Firm SwissOne Capital Explains Possible Impact of FED's Interest Rate Cut on Bitcoin Dominance!