BlockBeats news, on October 10th, encryption asset management company SwissOne Capital stated that the Fed's interest rate cut cycle may hinder the continued rise trend of BTC (BTC) market share, thus bringing more widespread profits to the entire encryption market. According to TradingView data, BTC's market share (i.e. its proportion in the total market capitalization of cryptocurrency) rose from 38% to 58% in two years. In other words, the rise of BTC relative to the entire market has accelerated, driving the total market capitalization of digital assets to more than $2 trillion. SwissOne Capital stated that due to the recent 50 basis point interest rate cut by the Fed, initiating the so-called loose period, there is limited room for further rise in BTC market share. 'BTC market share is positively correlated with the Federal Intrerest Rate,' SwissOne Capital pointed out in a market update, mentioning that in previous interest rate cut cycles, BTC market share declined. SwissOne Capital pointed out: 'If history repeats itself, the recent interest rate cut cycle in the United States undoubtedly indicates that there is almost no room for further rise in BTC market share.' SwissOne Capital stated: 'As Stable Coin Market Cap approaches 10% of the total market capitalization, we believe this explains why BTC market share may peak at the current level and between 60% (maximum), followed by a significant reversal.' (CoinDesk)
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SwissOne Capital: Limited space for BTC market share rise in Fed interest rate cut cycle.
BlockBeats news, on October 10th, encryption asset management company SwissOne Capital stated that the Fed's interest rate cut cycle may hinder the continued rise trend of BTC (BTC) market share, thus bringing more widespread profits to the entire encryption market. According to TradingView data, BTC's market share (i.e. its proportion in the total market capitalization of cryptocurrency) rose from 38% to 58% in two years. In other words, the rise of BTC relative to the entire market has accelerated, driving the total market capitalization of digital assets to more than $2 trillion. SwissOne Capital stated that due to the recent 50 basis point interest rate cut by the Fed, initiating the so-called loose period, there is limited room for further rise in BTC market share. 'BTC market share is positively correlated with the Federal Intrerest Rate,' SwissOne Capital pointed out in a market update, mentioning that in previous interest rate cut cycles, BTC market share declined. SwissOne Capital pointed out: 'If history repeats itself, the recent interest rate cut cycle in the United States undoubtedly indicates that there is almost no room for further rise in BTC market share.' SwissOne Capital stated: 'As Stable Coin Market Cap approaches 10% of the total market capitalization, we believe this explains why BTC market share may peak at the current level and between 60% (maximum), followed by a significant reversal.' (CoinDesk)