Bitcoin (BTC) plummeted to $61k after tensions escalated between Israel and Iran, with over 180 missiles fired into Israel.Geopolitical instability led to a liquidation of $250 million in futures positions and a sell-off in US equities.Bitcoin and other cryptocurrencies experienced a decline, with Ethereum down 6% and Binance Coin, Solana, Dogecoin, and Cardano also dropping.Analysts remain optimistic for a rebound in Bitcoin price as the US presidential election outcome becomes clearer.