Federal Reserve Cuts Interest Rates—Bitcoin Dominance May Rise As A Result
Federal Reserve Cuts Interest Rates—Bitcoin Dominance May Rise As A Result
He also emphasized monitoring 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's recent 25 basis point interest rate cut.
加密分析師本傑明·科溫(Benjamin Cowen)表示，比特幣(加密貨幣: BTC)的主導地位可能繼續攀升，即使在他長期設定的60%目標達成之際，也可能繼續攀升，因爲聯儲局最近減息25個點子。
What Happened: In an update on his YouTube channel, Cowen analyzed the Federal Reserve's decision to reduce rates to lowest level since February 2023 and maintain quantitative tightening by continuing to reduce its holdings in Treasury securities and mortgage-backed securities.
發生了什麼: 在他的YouTube頻道更新中，科溫分析了聯儲局決定將利率降至自2023年2月以來的最低水平，並通過繼續減少其對國債和抵押債券的持有來維持量化緊縮。
He highlighted that Bitcoin'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 settling back.
他強調，比特幣的主導地位通常在量化寬鬆(QE)開始後才會達到峯值(60%)。這一次，他看到了兩種可能的情景: 比特幣的主導地位可能開始形成頂部過程，或者在回落之前可能會超過峯值。
He also emphasized monitoring Ethereum's (CRYPTO: ETH) performance against Bitcoin, as it plays a key role in dominance trends. Cowen recommended dollar-cost averaging in altcoins as the market heads into the post-halving phase.
他還強調了監視以太幣(加密貨幣: ETH)對比特幣的表現，因爲它在主導趨勢中扮演關鍵角色。科溫建議在市場進入減半階段時進行分批定投備份數字貨幣。
Quoting the Federal Reserve's press release, Cowen highlighted that the committee plans to "continue reducing its Holdings of Treasury Securities and agency debt and agency mortgage-backed Securities." He stressed the potential influence of this decision on the crypto market.
科溫引用了聯儲局的新聞稿，強調了該委員會計劃「繼續減少其國債、機構債和機構抵押債券的持有量」。他強調了這一決定對加密市場的潛在影響。
Also Read: Bitcoin, Ethereum, Solana Rally Does Not Mean All Cryptocurrencies Will Moon: 10x Research
也可閱讀：比特幣、以太幣、solana的漲勢並不代表所有數字貨幣都會大幅飆升：10倍研究
Why It Matters: Despite his cautious outlook, Cowen anticipates Bitcoin will adhere to its cyclical behaviour. He warned, however, that a broader market correction could interrupt these patterns, impacting both Bitcoin and altcoins.
爲什麼這很重要: 儘管他持謹慎態度，但科溫預計比特幣將遵循其週期性行爲。然而，他警告稱，更廣泛的市場調整可能打斷這些模式，影響比特幣和備選幣。
The Federal Reserve's decision to lower interest rates has slowed the pace of rate cuts compared to September, when policymakers opted for a more substantial 0.5% cut to initiate the easing cycle.
聯儲局決定降低利率的舉措相對於九月放緩了減息的步伐，當時決策者選擇了更實質性的0.5%減息，以啓動寬鬆週期。
A senior research strategist noted that that the Fed's gradual cuts toward a "neutral" 3% rate could be partly due to Trump's policies, including tariffs, which may have a reflationary effect.
一位資深研究策略師指出，聯儲局逐漸調整向「中立」3%的利率可能部分原因是特朗普的政策，包括關稅，可能產生再通脹效應。
What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
接下來：比特幣作爲機構資產類別的影響力預計將在Benzinga即將到來的數字資產未來活動中得到徹底探討。日期是11月19日。
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Image: Shutterstock
圖片：shutterstock
譯文內容由第三人軟體翻譯。
