Digital Assets Plunge After Iran Launches 200 Missiles at Israel

According to Bloomberg, Iran launched approximately 200 ballistic missiles at Israel on Tuesday, triggering the largest drop in digital assets in almost a month. Bitcoin (BTC) fell by around 4% in the first two days of October, deviating significantly from the average October increase of 20% over the past decade.Traders who had anticipated BTC breaking its record high of $73,798, set in March, were caught off guard by the sharp decline. The market's current concern revolves around the potential escalation of conflicts, with digital assets increasingly mirroring the movement of stocks. This indicates that macroeconomic factors, such as the Federal Reserve's monetary policy, continue to play a significant role in BTC's performance.