Amid the current backdrop of increased global economic uncertainty, investor sentiment is being hit by a double whammy of weaker economic indicators and geopolitical complexities. Aruliah mentioned in an emailed statement that the general slowdown in the global economy has weakened market confidence, and although the Fed's recent announcement of a 0.5% cut in the policy rate may boost the cryptocurrency market in the short term, investors should remain highly vigilant in the face of potential challenges posed by economic uncertainty and market volatility.

Meanwhile, BitMEX co-founder Arthur Hayes expressed a different view on the Fed's rate cut policy in an interview. He believes that the 50 basis point rate cut is unnecessary, and while it may trigger a market rebound in the short term, in the long run, such a policy will expose deeper problems in the global financial system and may even lead to a further decline in asset prices. He warned that while the rate cut may temporarily ease market pressure, it will not solve the structural problems within the financial system, but may instead lay the groundwork for greater risks in the future.