Bitcoin prices fell today, falling to around $60,000 as global investors reacted to the latest developments signaling rising tensions in the Middle East.

The world’s most prominent digital currency fell to around $60,150 in late afternoon, according to Coinbase data provided by TradingView.

At the time, the cryptocurrency had fallen about 9% since reaching more than $66,000 about 48 hours earlier, and was trading at its lowest price since about Sept. 18, according to Coinbase’s data provided by TradingView. Additional figures show.

Stocks also fell. At the time of this writing, the benchmark S&P 500 was up about 1% for the day, according to Google Finance. Additional data from Google Finance showed that the Dow Jones Industrial Average, an index of 30 stocks, was down 0.41 percent.

On the other hand, Brent futures contracts pushed higher, rising about 2.6 percent to settle above $73, according to Reuters.

In explaining these latest price movements, several analysts highlighted the recent geopolitical crisis in the Middle East.

Earlier today, Iran attacked Israel, firing dozens of missiles at key targets in the latter country, according to Al Jazeera.

In response, Israeli Prime Minister Benjamin Netanyahu vowed to retaliate.

“Investor concerns over global instability, including in the Middle East, have shaken markets from the S&P 500 to the Nasdaq to Bitcoin,” Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, said via email.

Julio Moreno, head of research at CryptoQuant, offered a similar assessment.

“Hello Charles, today’s price action seems to dominate the situation in the Middle East,” he said via telegram.

“It also hurt the stock market and oil,” Moreno added.

While the aforementioned analysts focused on geopolitical developments, another analyst took a different approach.

“This drop is a little strange,” Psalion managing partner Tim Anking said via email.

“One of the reasons for this is to take profits at the end of the month, especially after a month that has historically been the worst for BTC and other tokens. Part of this is due to the expiration of options, at the end of the month. I again; and part of this is due to BTC being overbought, especially in relation to other tokens as BTC’s dominance has reached annual highs,” he explained.

“In short, it’s a bit of a breather after an unexpectedly solid month,” Enniking added.

Disclosure: I have some Bitcoin, Bitcoin Cash, Litecoin, Ether, EOS and SOL.