Bybit's Head of Institutional Business, Chris Aruliah, commented on the Federal Reserve's interest rate cut, stating that historically, lower rates have typically resulted in capital flowing from banks into the stock market. Lower rates also reduce the returns of traditional investment instruments, encouraging more investment towards riskier assets, including digital currencies.

In this context, the recent Fed rate cut is expected to boost market investment appetite, encouraging both retail and institutional investors to diversify their portfolios by investing in cryptocurrencies.

However, a global economic slowdown, coupled with various weak economic indicators and geopolitical complexities, is simultaneously dampening investor sentiment. Therefore, the Fed's policy rate cut of 0.5% may provide a short-term boost to the cryptocurrency market. However, it is still crucial to remain vigilant in an environment of economic uncertainty and market volatility.

We encourage investors to stay informed and engaged with market updates to navigate the dynamic investment landscape.