How much will dominance rise simultaneously with the BTC/USD pair?
Historically, the primary influencing factor on BTC price is the strength of the dollar. However, dominance seems to be more influenced by interest rates, which in a way define whether we are in a risk-on or risk-off environment.
Contrary to the beginning of the last bullish cycle, dominance is now rising alongside the increase in the BTC/USD pair. The defined target for dominance is the range between 57% and 60%.
Despite being in a period of uncertainty regarding when interest rates will decrease, and with interest rates directly related to the strength of the dollar, the trend for the dollar is downward, hence the BTC/USD pair price experiencing less downward pressure.
Historically, the primary influencing factor on BTC price is the strength of the dollar. However, dominance seems to be more influenced by interest rates, which in a way define whether we are in a risk-on or risk-off environment.
Contrary to the beginning of the last bullish cycle, dominance is now rising alongside the increase in the BTC/USD pair. The defined target for dominance is the range between 57% and 60%.
Despite being in a period of uncertainty regarding when interest rates will decrease, and with interest rates directly related to the strength of the dollar, the trend for the dollar is downward, hence the BTC/USD pair price experiencing less downward pressure.