@velvetoracle
Bitcoin dominance at 58% reflects its strong market position, potentially limiting altcoin performance. However, a Federal Reserve rate cut of 28 basis points in September could boost liquidity, favoring risk assets like cryptocurrencies. This might trigger an altcoin season, where capital shifts from Bitcoin to altcoins. The on-chain funding threshold for this shift depends on altcoin market cap, transaction volume, and investor interest. While historical data shows altcoin seasons align with increased on-chain activity and fund inflows, the exact threshold requires detailed market analysis. In short, a rate cut could catalyze altcoin growth, but precise funding levels need further study.
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