Bitcoin's recent price drop to $60,000 has coincided with escalating tensions between Israel, Iran, and Lebanon, leading to significant disturbances in both the crypto and global markets.
Over the past five days, the crypto market experienced a loss of 10%, equating to $230 million in market cap wiped out. This decline has triggered substantial liquidations, with Bitcoin traders losing over $200 million in long positions.
The question now is whether Bitcoin's downward trajectory will continue amid these ongoing geopolitical challenges, causing further disruption in the market.
