đ BTC fell 8.3% from September 30 to October 1, hitting a two-week low of $60,207. Despite a slight recovery to $61,300 on October 2, the price is still 16.6% below its March 2024 peak.
đ However, BTC derivatives indicate optimism. Some analysts say political turmoil may have a short-term impact, but BTC typically outperforms after major events.
đ BlackRock highlights BTC as a unique asset with its scarcity and decentralization, recommending BTC as a "safe haven" during geopolitical events.
đ Middle East tensions escalate as Iran launches missiles at Israel. In addition, the upcoming US presidential election also creates uncertainty for the market.
đ Tesla reports lower-than-expected Q3 sales, shares fall 4%. However, Tesla shares are up 20% in the past 30 days thanks to the upcoming "robotaxi" event and positive sales in China.
đ Despite the drop in BTC price, derivatives indexes still show balance and caution from traders.
đŹ What do you think about the current situation of BTC? Comment below!#Bitcoin#CryptoNews#Blockchain#Finance #Tech
