According to TechFlow, crypto asset management company SwissOne Capital said that the Federal Reserve's (Fed) rate-cutting cycle could prevent the continued upward trend of Bitcoin's (BTC) dominance rate, thereby bringing broader gains to the crypto market. "Bitcoin dominance is positively correlated with the federal funds rate," SwissOne Capital said in a market update, noting that the dominance rate declined in previous rate-cutting cycles. As the Federal Reserve recently cut interest rates by 50 basis points, opening the so-called easing cycle, BTC's dominance rate has limited room to rise further. Historical data charts show that Bitcoin's dominance once peaked at more than 70% and fell with the start of the easing cycle in the second half of 2019.