QCP Capital: Middle East Tensions Hit Bitcoin Harder Than Traditional Markets.

In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses.
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 As tensions escalated, Bitcoin's price has fluctuated, with some traders predicting a potential dip below $54,000. This sentiment reflects a broader reevaluation of bullish price predictions amid the geopolitical upheaval. In fact, Bitcoin has recently slid back toward the $60,000 mark, indicating a shaky start to what is typically a strong month for the cryptocurrency 

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