PANews reported on September 19 that according to the analysis of Chris Aruliah, head of institutional business at Bybit, the 0.5% interest rate cut recently announced by the Federal Reserve may prompt funds to flow from banks to the stock market and increase investment in high-risk assets including cryptocurrencies. As lower interest rates reduce the returns of traditional investment tools, investors may use cryptocurrencies to diversify their portfolio risks. However, the global economic slowdown, weak economic indicators and geopolitical uncertainties are still hitting investor sentiment. Although the interest rate cut may be good for the crypto market in the short term, investors need to remain vigilant under the current volatility.
Bybit Institutional Business Director: Rate cuts may benefit the crypto market in the short term, but investors need to remain vigilant under current volatility
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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