🔻Bitcoin (BTC) initially showed signs of recovery, reaching $61,500 during the Asian morning session, but sharply dropped to $60,300 due to escalating tensions in the Middle East. This development undermined hopes for a rally in what is historically a favorable October.
🔻According to Presto Research, Bitcoin experienced a 6% drop at one point, with 24-hour losses reaching 3.5%. Meanwhile, gold exhibited positive momentum, rising by 0.8%. Analysts noted that this divergence reflects the maturity gap between the assets: gold, a 5,000-year-old store of value, contrasts with Bitcoin, which is still in its early stages of mass adoption.
🔻Among other cryptocurrencies, Dogecoin (DOGE) lost 8%, while tokens like XRP and Ether (ETH) declined by 6%. Lesser-known tokens, such as FLOKI and STARK, saw the steepest drops, with losses reaching up to 16%.