In this article. Bitcoin falls from $64k to around $60k due to growing fears over the conflict in the Middle East.
The total cryptocurrency market fell nearly 4% to $2.17 trillion.
More than 154,000 traders have been liquidated in the past 24 hours for a total of $524.31 million.
Major #cryptocurrencies have fallen in value as investors flee risky assets due to concerns over the Middle East conflict: #bitcoin (BTC), which #rose to $64,000, recently fell to $60,000. Headlines that Iran is preparing a ballistic missile strike on Israel spurred the sell-off. The fall intensified after the Israel Defense Forces (IDF) confirmed a rocket attack from Iran.
the S&P 500 and NASDAQ indexes fell 1% and 1.7%, respectively. At the same time, safe-haven gold rose to $2,690 and oil rose 3% to $BTC Bitcoin saw its biggest drop in almost a month after Iran launched 200 ballistic missiles toward Israel. This escalated hostilities and upset global markets. #BTC is still holding above $61,000, but fell 4% in the first two days of October. This was a retreat from the typical 20% October rally seen over the past decade.
traders had hoped for a possible rebound and a new all-time high of $73,700 in March, but geopolitical tensions have dampened those hopes. Nevertheless, global markets are on high alert after Israeli Prime Minister Benjamin Netanyahu promised retaliatory measures against Iranian aggression.
the last seven days BTC has fallen in price by more than 4%, but over the last 30 days it has risen by 6%. At the time of publishing this article, the average price of the largest digital asset is $61,547; trading volume in 24 hours rose 42% to $50 billion, suggesting that traders are moving their money in light of the panic situation.
Digital assets are increasingly correlated with stocks, indicating that macroeconomic factors such as the Fed's monetary policy are crucial to bitcoin's trajectory.
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