Bitcoin (BTC) experienced a drop in price during Asian trading hours on Wednesday due to tensions in the Middle East. The CoinDesk 20 index, which tracks the most liquid digital assets, had its worst drop in weeks. BTC initially fell to as low as $60,300 before rebounding above $61,500. The conflict between Iran and Israel, which saw Iran launch ballistic missiles at Israel in retaliation for attacks on Lebanon, impacted BTC's price. The drop in BTC was the worst start for the asset's historically bullish month of October. Meanwhile, gold rose during this period, highlighting the different maturity levels of the two assets. The CoinDesk 20 index also saw a significant decline, with Dogecoin (DOGE), XRP, Solana (SOL), BNB Chain's BNB, and ether (ETH) experiencing losses. Smaller tokens with a market cap under $2 billion, such as Sei Network's SEI, memecoin floki (FLOKI), and Starknet's STARK, were also impacted, seeing significant drops in price.



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