Bitcoin Takes a Hit Amid Middle East Tensions 🌍💰

Bitcoin started October on a rough note, dropping over 6% due to geopolitical tensions between Israel and Iran. Despite a strong September, the market was caught off guard. CoinGlass data shows $450M in bullish bets were liquidated, with Bitcoin alone accounting for $122M.

Altcoins like Ethereum, Solana, and Dogecoin also suffered, highlighting the interconnectedness of the crypto market. Investors are moving to safer assets like gold and the US dollar.

But don't lose hope! Many traders still believe this is a temporary setback. Stay tuned! 📈