<ul><li>Bitcoin started October on a negative note, falling below $61,000 after facing setbacks in September.</li><li>The decline in Bitcoin's price is attributed to geopolitical conflicts in the Middle East, raising doubts about its role as a safe haven asset.</li><li>Spot Bitcoin ETFs experienced outflows of $246.2 million as tensions rose in the Middle East.</li><li>Despite the current downturn, historical data suggests that October has been a positive month for Bitcoin, giving some investors hope for a potential recovery.</li></ul>

Bitcoin Starts October In The Red After Crash To $61,000, Is ‘Uptober’ A Myth?

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