Uptrend in Bitcoin's Dominance Rate Threatened by Fed Rate Cut Cycle, Crypto Asset Manager Says
Per SwissOne Capital, the BTC dominance rate and the U.S. interest are positively correlated. The U.S. Federal Reserve's (Fed) rate-cutting cycle may stall the ongoing prolonged uptrend in bitcoin's {{BTC}} dominance rate, bringing wider gains in the crypto market, according to crypto asset manager SwissOne Capital. BTC's dominance rate, or the cryptocurrency's share in the total market capitalization, has increased from 38% to 58% in two years, according to data source TradingView.
