Bitcoin briefly dropped below $61,000 on Tuesday amid escalating tensions between Israel and Iran. This geopolitical unrest has led to significant market volatility, culminating in over $450 million in long liquidations. The heightened uncertainty in the Middle East is causing investors to reassess their risk exposure, contributing to the bearish sentiment in the cryptocurrency market. As geopolitical risks continue to mount, the stability of digital assets remains in question, raising concerns about the future trajectory of Bitcoin and other cryptocurrencies.