Bitcoin Dominance ‘Hinting At Possible Dip To 47%’ – Altseason On The Horizon?

Quick Summary:

Bitcoin has experienced a significant price surge since Tuesday, following the Federal Reserve’s announcement of a 50 bps interest rate cut.

This move pushed BTC past the $62,000 mark, a key psychological level that has shifted investor sentiment from cautious to optimistic.

As BTC continues to climb, analysts focus on Bitcoin dominance, which may be on the verge of a deep correction.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: BTC Dominance Bitcoin price BTCUSDT Bitcoin dominance Bitcoin (BTC) Bitcoin Bitcoin News Bitcoin news Bitcoin bull market Btc price Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 20:30:01 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22671001

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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