Friends, the conflict in the Middle East is affecting digital assets, they plummeted in the first two days of October. What can happen in the coming days?

Despite encouraging market forecasts, Bitcoin halted its bullish streak and plummeted in the first two days of October. The digital asset is now in the $60,000 zone.

The conflict in the Middle East has affected all risk assets, but especially the world of cryptocurrencies. Bitcoin has hit two-week lows at $61,000, down more than 4%, while Ethereum has dropped 6.6% to $2,400. The rest of the cryptocurrencies are trading with losses of up to 12.9%, led by Near Protocol, Shiba Inu (-11.06%) and Dogecoin (-10.2%).

Historically, October has been a positive month for the cryptocurrency, to the point of being nicknamed "uptober." However, this was not the expected start - on the contrary, it was the worst in its history. Here is how Bitcoin performed over the last 24 hours.

Friends, we hope this conflict does not escalate, mainly because of what it affects humanity and of course the economy. If the tension eases, we will surely see prices recover and the trend of all cryptocurrencies.

To be honest, the bullish trend has stopped, but I believe it will rebound. The reason is that Bitcoin has always been used as a reserve, as the war between Russia and Ukraine shows. Both used Bitcoin, which is an uncensorable and cross-border asset. Its decentralized design allows for global transactions without the need for intermediaries, ensuring that transactions are fast and irreversible. Bitcoin outperforms gold as a safe haven asset due to its unique characteristics. Although gold has historically been the safe haven par excellence, Bitcoin has significant competitive advantages. It is a scarce asset, with a maximum supply of 21 million units, making it immune to inflation and devaluation. In addition, as a programmable and digital asset, Bitcoin can be easily transferred and divided, making it easy to use and store.

Thank you for supporting me. God bless you and we hope that reason, tolerance and peace prevail.