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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-fed-rate-cuts-affect-bitcoins-market-position" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Fed Rate Cuts Affect Bitcoin’s Market Position?</a><br></p>
<p style="text-align: justify">SwissOne Capital has issued a statement highlighting that the Federal Reserve’s recent interest rate cuts might disrupt <a href="https://en.bitcoinhaber.net/bitcoins-sudden-drop-sparks-market-anxiety-analyst-advises-against-hasty-selling" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s dominance in the cryptocurrency market. The asset management firm predicts that as the Fed continues on this path, there may be a notable rise in other cryptocurrencies, potentially shifting the current dynamics in the sector.</p>
<h2 style="text-align: justify" id="strong-assessing-bitcoin-s-current-dominance-trends-strong"><strong>Assessing Bitcoin’s Current Dominance Trends</strong></h2>
<p style="text-align: justify">Over the past two years, Bitcoin’s market dominance has climbed from 38% to 58%, as reported by TradingView. This growth signifies that Bitcoin has outpaced the market, contributing to a total cryptocurrency market capitalization exceeding $2 trillion. However, with the Fed’s recent decision to cut rates by 50 basis points, SwissOne Capital suggests that Bitcoin’s growth may face challenges, limiting its upward trajectory.</p>
<h2 style="text-align: justify" id="strong-what-drives-changes-in-altcoin-value-strong"><strong>What Drives Changes in Altcoin Value?</strong></h2>
<p style="text-align: justify">The interest rate cuts instituted in late 2019, aimed at countering the economic fallout from the pandemic, have led to increased risk-taking in the cryptocurrency sphere. This trend has often favored altcoins, resulting in Bitcoin’s dominance dipping to approximately 40% during that period. Historical patterns indicate that similar behaviors may arise following the current rate cuts.</p>
<p style="text-align: justify">Key insights from SwissOne Capital indicate that:<br> – Historic rate cuts tend to limit Bitcoin’s dominance growth.<br> – Bitcoin’s current dominance may peak between 60% and present levels before a potential downturn.<br> – The rise of stablecoins, which have reached a market value of $172 billion, plays a significant role in this dynamic.</p>
<p style="text-align: justify">As the cryptocurrency landscape evolves, the implications of Federal Reserve policies will undoubtedly shape market trends and investor strategies, particularly concerning Bitcoin and altcoins.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-fed-rate-cuts-affect-bitcoins-market-position" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Fed Rate Cuts Affect Bitcoin’s Market Position?</a></h5>

Will Fed Rate Cuts Affect Bitcoin’s Market Position?

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