Digital assets see biggest drop in nearly a month after Iran launches 200 missiles at Israel
According to Bloomberg, Iran launched about 200 ballistic missiles at Israel on Tuesday, causing the digital asset to see its biggest drop in nearly a month.
According to Bloomberg data, BTC fell about 4% in the first two days of October, in sharp contrast to the average 20% increase in October over the past decade. Some traders had expected BTC to break the record high of $73,798 set in March.
At present, the market is concerned about the possibility of intensified conflict. Digital assets have recently moved more in line with stocks, indicating that macroeconomic factors such as the Federal Reserve's monetary policy have a greater impact on BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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