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#Can the October upward trend arrive as expected?##十月上涨行情能如期而至吗？#The growing tensions in the Middle East have led to increased caution in the global markets, resulting in a fall in the crypto market. Data shows that BTC has fallen by about 4% in the first two days of October, which starkly contrasts with the average rise of 20% recorded in October over the past 10 years. According to Sean McNulty, head of trading at Arbelos Markets, this fall is a 'temporary setback' considering the decrease in the rates of the Federal Reserve and the government's potential post-November presidential election stance, which could be more favorable to the cryptoassets industry. McNulty adds, 'October is usually the best month for BTC, and this seasonal trend persists.' Recently, the movements of cryptoassets are increasingly synchronized with the stock market, indicating that macroeconomic factors such as the outlook for the monetary policy of the Federal Reserve are currently crucial for BTC. The 50-day correlation coefficient between the top 100 cryptoassets and the MSCI Inc. global stock index stands at 0.65, the highest level since 2022. A score of 1 indicates a correlation of asset movements, while a score of -1 indicates opposite movements.
#CreyptoObserves# On October 2nd, local time Tuesday, Iran launched a missile attack on Israel, which escalated the tense situation in the Middle East and triggered cautious sentiment in global markets, causing the US stock market and crypto market to fall in response.
The three major U.S. stock indexes all fell, with the Dow falling 0.41%, the S&P 500 falling 0.93%, and the Nasdaq falling 1.53%. Technology stocks performed the worst in the zone; the crypto market fell sharply, with BTC barely holding above $60,000, now trading at $61,523, a 24-hour decline of 2.75%. Ethereum fell 5.11%, and market sentiment returned to panic. Data shows that BTC fell by about 4% in the first two days of October, in stark contrast to the average 20% rise in October throughout history; in the bulk sector, safe-haven asset gold was favored, with the NYMEX December gold futures price rising 1.16%. Concerns about crude oil supply intensified, and international crude oil prices rose by more than 4% at one point. #你关注了创新区哪些热门链上币种？#. It is important to understand the concept of 'Mending the Sheep Pen' in cryptocurrency speculation. Do not invest all your money in buying coins as soon as you enter the market. It is important to allocate your funds wisely. This way, even if you enter at the wrong time, you can still gradually replenish your margin and turn defeat into victory.
2. Cryptocurrency Speculation is not a "zero-sum game", many people think that they lose money, it must be earned by others.
In the bull run, most people make money, and the amount lost by a few people is completely outweighed by the total amount earned by so many people.
In the Bear Market, most people lose money, while a few make countless times the total amount.
So, no one is Be Played for Suckers.
3. In the crypto world, you can see many people discussing 'value investment', claiming that they have bought value coins and don't care about the current paper loss because they have already been trapped.
The order of learning is very important. Smart learners understand deeply before investing. Foolish investors study after investing themselves.
4. Suckers don't lack patience, they lack strength. cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It has, from a financial point of view, grown to be its own asset class.cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It has, from a financial point of view, grown to be its own asset class. 