Bybit Institutional Business Head: Interest Rate Cuts May Benefit Crypto Markets in the Short Term, But Investors Need to Remain Cautious Amid Current Volatility

Article is form Jinse
September 19, 2024
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According to Chris Aruliah, Bybit's head of institutional business, the recent 0.5% interest rate cut announced by the Federal Reserve could drive funds away from banks and towards the stock market, increasing investment in high-risk assets including cryptocurrencies. Lower interest rates reduce the returns on traditional investment instruments, leading investors to potentially diversify their portfolios through crypto. However, global economic slowdown, weak economic indicators, and geopolitical uncertainty continue to dampen investor sentiment. While the rate cut may provide a short-term boost to the crypto market, investors should remain cautious in the current volatile environment.

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