The escalating tension in the Middle East has triggered a cautious mood in global markets, and the encryption market has fallen in response. Data shows that BTC fell by about 4% in the first two days of October, a sharp contrast to the average 20% pump in October over the past 10 years. Sean McNulty, trading director of liquidity provider Arbelos Markets, believes that this dumping is a "temporary setback" given that the Fed has begun cutting interest rates and the government after the November US presidential election may be more friendly to the cryptocurrency industry. McNulty added: "October is often the best month for BTC performance, and this seasonal trend still exists." Recently, the trend of digital assets has been more synchronized with the stock market, indicating that macroeconomic driving factors such as the Fed's monetary policy outlook are currently crucial for BTC. The 50-day correlation coefficient between the top 100 cryptocurrencies and MSCI Inc.'s global stock index is 0.65, the highest level since 2022. A reading of 1 indicates that the asset trend is synchronized, while a reading of -1 indicates the opposite trend.#十月上涨行情能如期而至吗?
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Granolacanards0s
· 2024-10-02 06:34
The world of finance, reimagined.
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GateUser-b6066be4
· 2024-10-02 06:33
Thanks for giving us such a great opportunity This beautiful project is always with you and I wish you all the best in the future❤️.
The escalating tension in the Middle East has triggered a cautious mood in global markets, and the encryption market has fallen in response. Data shows that BTC fell by about 4% in the first two days of October, a sharp contrast to the average 20% pump in October over the past 10 years. Sean McNulty, trading director of liquidity provider Arbelos Markets, believes that this dumping is a "temporary setback" given that the Fed has begun cutting interest rates and the government after the November US presidential election may be more friendly to the cryptocurrency industry. McNulty added: "October is often the best month for BTC performance, and this seasonal trend still exists." Recently, the trend of digital assets has been more synchronized with the stock market, indicating that macroeconomic driving factors such as the Fed's monetary policy outlook are currently crucial for BTC. The 50-day correlation coefficient between the top 100 cryptocurrencies and MSCI Inc.'s global stock index is 0.65, the highest level since 2022. A reading of 1 indicates that the asset trend is synchronized, while a reading of -1 indicates the opposite trend.#十月上涨行情能如期而至吗?