The crypto market is experiencing significant volatility today. Bitcoin briefly dropped to nearly $60,000 due to geopolitical tensions in the Middle East, but large investors ("whales") continue increasing their holdings, especially with October being historically bullish. Retail traders, however, remain cautious.Moreover, institutional adoption is rising, with the European Central Bank successfully testing blockchain-based transactions, which is expected to enhance confidence in cryptocurrencies. Ethereum, Solana, and other major altcoins are also seeing minor declines.Keep an eye on developments from the Federal Reserve and potential economic moves by China, which may drive further market changes.
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