The recent military escalation between Iran and Israel has sent shockwaves through the financial markets. Bitcoin, along with other risk assets, has dipped below $60,000 following the news of Israel's strike on Iran.
This highlights the sensitivity of cryptocurrency to geopolitical uncertainty. Investors often flock to safe-haven assets like gold during times of crisis, which we're seeing reflected in the rising gold price.
What are your thoughts on the impact of geopolitical events on the cryptocurrency market?
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