📢【Blockchain News】📢

Tensions in the Middle East have triggered cautious sentiment in global markets, and the crypto market has not been immune. Data shows that Bitcoin fell by about 4% in the first two days of October, in stark contrast to the average 20% increase in October over the past 10 years.

Sean McNulty, head of trading at liquidity provider Arbelos Markets, believes that the sell-off is just a "temporary setback." He pointed out that the Federal Reserve has begun to cut interest rates, and the new government after the US presidential election in November may be more friendly to the cryptocurrency industry.

Despite this, October is still one of the best performing months for Bitcoin. Recently, Bitcoin's trend has been synchronized with the stock market, showing the important impact of the Federal Reserve's monetary policy outlook on it. 📊

Stay optimistic, Bitcoin has a promising future! 🚀