Bitcoin price is down today, with losses coinciding with a growing geopolitical crisis in the Middle East and profit-taking ahead of key economic data in the United States.

Bitcoin drops as Israel bombs Beirut On Sept. 30, BTC’s price dropped by 2.90%—its worst single-day drop in three weeks—to around $63,735. The drop coincided with Israel’s bombing of central Beirut, marking the first airstrike in nearly a year amid escalating hostilities with Lebanon’s Hezbollah.

This isn’t the first time Bitcoin has reacted negatively to Middle East unrest this year. In April 2024, BTC experienced an over 10% decline following Israel’s attack on Iran, suggesting a recurring pattern of sentiment-driven sell-offs during regional conflicts.

Bitcoin is often touted as a hedge against economic instability. But this year’s geopolitical developments have shown that traders tend to exit risky assets, including cryptocurrencies, in favor of safer alternatives during heightened uncertainty.

My opinion on it is that when there's always a dramatic short term fall in bitcoin and the price goes down,it will always recover.So especially now im bullish on bitcoin. (not financial advice its my personal opinion and you are advised to do your own research before buying anything)