The recent escalation in tensions between Israel and Iran has sent shockwaves through the cryptocurrency market, particularly Bitcoin. On October 1, 2024, Iran launched a series of missile attacks on Israel, a move that has intensified an already fragile geopolitical situation in the Middle East. This conflict has not only raised concerns about regional stability but also significantly affected Bitcoin’s price dynamics.

Bitcoin, the first and most well-known cryptocurrency, continues to spark lively discussions and debates among financial analysts and investors. In a world where digital assets are becoming increasingly significant, expert forecasts gain particular importance. One such analyst is Willy Woo, whose predictions and analytical conclusions always attract considerable interest. In his latest assessment, Woo presented an intriguing scenario where the minimum price of Bitcoin could reach $700,000. His analysis is based on a number of key factors, among which the support from major institutional investors plays a crucial role. Let’s examine in detail what conditions are necessary for such a scenario to materialize and what prospects lie ahead for Bitcoin.

In recent days, the cryptocurrency market has once again been in the spotlight, showing significant fluctuations in the prices of major digital assets. While Bitcoin continues to hold the leading position, its sharp price changes have a significant impact on the entire cryptocurrency ecosystem. The influence of external factors, such as government actions and high-profile statements, has become a catalyst for these changes. Below, we will examine the latest events that have led to noticeable changes in the price of Bitcoin and other leading cryptocurrencies, as well as their implications for investors and traders.