Nansen's Chief Research Analyst: Recommends Cutting Cryptocurrency Positions as Markets Rally

Aurelie Barthere, chief research analyst at blockchain analytics firm Nansen, said in a report that the Fed's decision to cut interest rates was simply ‘meeting market expectations’ and that a lot of the additional ‘gains’ have already been seen in riskier assets, including cryptocurrencies. In a report, Barthere said that the Fed's decision to cut interest rates was just ‘meeting market expectations’ and that much of the extra ‘gain’ had already been seen in riskier assets. It makes sense to keep an allocation to cryptocurrencies or participate in them, as the Fed has just injected more life into the bull market,’ Barthere analysed. But risky assets are already very reactive in price, and given the downside asymmetry risk, a safer strategy would be to cut back on crypto positions when the market rallies’, Barthere analysed.