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Details: ht
The cryptocurrency market experienced a turbulent period in September, with most digital asset prices undergoing a correction, leading to a certain level of blow to the confidence of market participants. As the September market comes to a close, investors' attention is gradually shifting towards the market trends in October.
Historically, Bitcoin's performance in October has usually been positive. Aside from declines during two major bear markets, Bitcoin prices have risen in October in the remaining years, especially with significant gains often occurring in the latter half of the month.
A potential key factor this October is the interest rate cut expectation that may arise on October 30. If the rate cut becomes a reality, the released liquidity could inject new momentum into the encryption market, driving asset prices higher.
Currently, after the adjustments in September, the market is at a relatively low level, and risks have been released to some extent. Even if there is no significant increase in mid-October, the market is very likely to experience a noticeable rebound. Overall, October's market performance is expected to be better than September's, bringing new opportunities for investors.
However, investors still need to exercise caution regarding market fluctuations, paying close attention to changes in the global economic situation and regulatory environment, as well as other significant events and news that may impact the encryption market. When making investment decisions, it is important to comprehensively consider various factors and develop an appropriate investment strategy based on individual risk tolerance.