ChainCatcher news, the escalating tensions in the Middle East have triggered a cautious sentiment in global markets, causing the cryptocurrency market to decline. Data shows that Bitcoin fell by about 4% in the first two days of October, in stark contrast to the average increase of 20% in October over the past decade.Sean McNulty, trading director at liquidity provider Arbelos Markets, believes that given the Federal Reserve has started to cut interest rates, this sell-off is a "temporary setback," and the government after the November U.S. presidential election may also be more friendly towards the cryptocurrency industry. "October is often the best month for Bitcoin, and this seasonal trend still exists."