The crypto market is always a rollercoaster, and this October, dubbed "Uptober," is no different. đ The ongoing tensions between Israel and Iran have thrown a wrench into the usual optimism. Bitcoin, which recently surged, is now facing challenges, dropping below $62,000. Altcoins like Solana and Avalanche also took a hit.
Interestingly, while Bitcoin struggled, Gold surged by 1%, nearing record highs. This highlights Bitcoin's correlation with risk-on assets like stocks, unlike Gold, which acts as a safe haven.
Despite the turmoil, many investors remain hopeful, looking for signs of a turnaround. đ #Crypto #Bitcoin #Gold #Investing
