Breaking: Bitcoin crashes to $60,000 as Middle East tensions escalate

Bitcoin falls to $60,000 as Middle East tensions escalate and Iran fires missiles at Israel.

Geopolitical tensions often lead to temporary dips in Bitcoin’s price, but the price quickly recovers.

Bitcoin’s correlation with stocks remains high, with US markets seeing a significant decline while gold and oil prices surge

October has been a historically bullish month for Bitcoin, with volatility expected from the past halving and the upcoming US elections.

Cryptocurrency and Bitcoin markets saw a sharp decline during the US trading session on Tuesday. Escalating tensions in the Middle East with Iran firing ballistic missiles at Israel have led to a significant decline in risk appetite in global financial markets. This includes Bitcoin, which fell to $60,000.

Bitcoin, the largest cryptocurrency by market capitalization, was trading at around $64,000 during European trading hours. Before quickly dropping to $62,500 after media reports said the White House had indications that Iran was preparing an imminent ballistic missile attack on Israel. This was followed by another drop to $61,000 when the Israeli military announced