Bitcoin

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<a href="https://optimisus.com/news/crypto-news/crypto-investment-inflows-hit-1-2-billion-in-a-week/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> experienced a rollercoaster ride, climbing above $61,000 after dipping to $60,400 amid escalating Middle East tensions.Iran&#39;s missile strikes on Israel have sparked fears of retaliation, impacting market sentiment and leading to BTC&#39;s largest drop in over a month—down 6% at one point. Historically, October is a bullish month for BTC, but this year is off to a rocky start, with losses of 3.5% noted.In contrast, gold has shown resilience, gaining 0.8% as BTC faltered, highlighting the differing maturity levels of these assets. While BTC is still in its early adoption phase, gold boasts a 5,000-year history as a reliable store of value. The market is rife with uncertainty, with Polymarket indicating a 49% chance of Israeli retaliation against Iran by week&#39;s end.Other cryptocurrencies also faced declines, with Dogecoin (DOGE) leading the losses at 8%, while smaller tokens suffered even more significant hits, with some dropping as much as 16%.As the geopolitical landscape shifts, the crypto market remains volatile, reflecting the ongoing struggle for stability and understanding in this evolving financial frontier.

Bitcoin soars to $61K while Israel-Iran tensions heat up!

Optimisus

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