The interest rate cut drama begins! If the US stock market hits the brakes, how should you play in the crypto space?

I am Qi He. I just came across a report from JPMorgan stating that after the Federal Reserve cuts interest rates, the US stock market's rally may come to a halt, as investors want to secure their profits by the end of the year. This is something that people in the crypto space should keep an eye on!

Because the US stock market and the crypto space are currently somewhat tied together like grasshoppers. Once the US stock market fluctuates, major cryptocurrencies like Bitcoin and Ethereum tend to follow suit. But don't panic, I personally believe that the crypto space has its own temperament; look at DeFi and NFTs, sometimes they can forge their own paths. So, there is a correlation, but don't solely depend on the US stock market's performance.

So, what should we players do? Just play it safe! If you are conservative, now is a good time to reduce your positions appropriately, locking in some profits in your wallet for peace of mind. If you are an aggressive player, don't chase after highs blindly; wait for the market to provide a suitable opportunity before making your move. Remember, don't be scared off by the news; sticking to your own strategy is the way to go.

In short, keep an eye on the movements of the US stock market, but don't let it lead you by the nose. The market changes quickly, so we need to maintain a stable mindset and be flexible in our operations. The journey in the crypto space is still long; let's learn as we go! I am Qi He, see you next time!

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