{"id":2350,"date":"2024-11-08T16:31:31","date_gmt":"2024-11-08T16:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2350"},"modified":"2024-11-08T16:31:31","modified_gmt":"2024-11-08T16:31:31","slug":"federal-reserve-cuts-interest-rates-bitcoin-dominance-may-rise-as-a-result","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2350","title":{"rendered":"Federal Reserve Cuts Interest Rates\u2014Bitcoin Dominance May Rise As A Result"},"content":{"rendered":"<div>\n<p>Crypto analyst Benjamin Cowen suggests that <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) dominance might continue climbing, even as it hits his long-standing 60% target, following the <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/11\/41820253\/fed-cuts-interest-rates-to-lowest-since-february-2023-sticks-to-data-driven-path\">Fed&#8217;s recent 25 basis point interest rate cut<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> In an update on his YouTube <a href=\"https:\/\/youtu.be\/NPu6mfY_Pz8?si=35Qnt5mVElqCe9nx\">channel<\/a>, Cowen analyzed the Federal Reserve&#8217;s <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/11\/41820253\/fed-cuts-interest-rates-to-lowest-since-february-2023-sticks-to-data-driven-path\">decision to reduce rates<\/a> to lowest level since February 2023 and maintain quantitative tightening by continuing to reduce its holdings in Treasury securities and mortgage-backed securities.<\/p>\n<p>He highlighted that Bitcoin&#8217;s dominance has typically peaked (60%) only after quantitative easing (QE) starts. This time, he sees two possible scenarios: Bitcoin dominance could begin a topping process, or it might overshoot its peak before &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41850110\/federal-reserve-cuts-interest-ratesbitcoin-dominance-may-rise-as-a-result\" alt=\"Federal\" reserve cuts interest rates dominance may rise as a result>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Benjamin Cowen suggests that Bitcoin (CRYPTO: BTC) dominance might continue climbing, even as it hits his long-standing 60% target, following the Fed&#8217;s recent 25 basis point interest rate cut. What Happened: In an update on his YouTube channel, Cowen analyzed the Federal Reserve&#8217;s decision to reduce rates to lowest level since February 2023 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2350","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2350"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2350\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}