The Israel-Iran conflict has thrown a wrench into the expected 'Uptober' rally, with Iran's missile attack on Israel shaking the global markets, including crypto. Over $9 million has already been liquidated, and Bitcoin’s price has dropped below $62,000, nearing the critical $60,000 support level.
The conflict adds more uncertainty, with the market reacting swiftly as tensions rise. Historical patterns suggest this may not be the last dip if the situation escalates, and FUD could take over in the short term.
However, some analysts believe this correction might clear the way for the bull market to resume after the dust settles.
