Global stocks and Bitcoin faced a decline after Iran launched missiles at key Israeli locations and Israel threatened retaliation. QCP Capital, a cryptocurrency platform, predicted that BTC and altcoins would be hit harder than stocks but noted that BTC found support at $60,000. However, analysts warned that if tensions escalate, Bitcoin could drop to $55,000. QCP emphasized that despite the situation in the Middle East, the bigger picture is the overall rise of Bitcoin. Analysts also mentioned that support from the People's Bank of China (PBoC) and the US Federal Reserve (FED) will likely bolster Bitcoin and other cryptocurrencies.



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