Global equities and risk assets such as bitcoin took a hit Tuesday as Iran launched missiles on key Israeli locations, with the latter threatening retaliation in the coming days.

  • Tensions in the Middle East pushed down BTC during the first half of Asia trading hours Wednesday.
  • The CoinDesk 20, a measure of the most liquid digital assets, had its worst drop in weeks.

Bitcoin (BTC) rose above $61,500 in Asian morning hours Wednesday after sliding to as low as $60,300 late Tuesday as a Middle East conflict grows, denting hopes for a rally in the asset’s historically most bullish month.

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