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According to CoinDesk, tensions in the Middle East caused BTC to fall in the first half of the Asian trading session on Wednesday. CoinDesk 20 recorded its biggest drop in weeks. BTC rose to $61,500 in the early Asian trading session on Wednesday, after falling to $60,300 due to the conflict in the Middle East. Iran launched about 200 ballistic missiles at Israel on Tuesday, and Israeli Prime Minister Netanyahu vowed to retaliate. BTC fell the most in more than a month, and gold prices rose, falling as much as 6% at one point, losing 3.5% in 24 hours. Polymarket predicts that Israel will retaliate against Iran before the end of this week. Presto Research pointed out that October has historically been a strong month for BTC, but gold prices have performed better in the past 24 hours. The CoinDesk 20 index fell 4.7%. DOGE fell the most among major tokens, falling 8% in the past 24 hours, while XRP, SOL, BNB and ETH fell 6%. Small tokens with a market value of less than $2 billion performed the worst, with SEI, FLOKI and STARK falling 16%.