#IsraelIranConflict The Middle East in Flames: Israel Launches Airstrike on Iran
This morning, the world woke up to a new geopolitical crisis triggered by a large-scale Israeli airstrike in Iran. Codenamed "Rising Lion," the operation immediately escalated tensions in the region, shaking not only diplomatic balances but also global markets. One of the sectors most severely affected was the cryptocurrency market.
The attack began around 3:00 AM local time, targeting Iranian nuclear facilities, ballistic missile infrastructure, and Revolutionary Guard bases. Local sources reported large explosions in Tehran, with the homes of some high-ranking commanders also hit. In response, Iran closed its airspace and activated its missile defense systems. In official statements, Israeli Prime Minister Netanyahu described the operation as a "preventive defense against the nuclear threat."
The crisis quickly spread beyond the region. While the U.S. stated that it was not directly involved in the attack, it began evacuating personnel from the area. European capitals and NATO member states are watching the developments with growing concern. Energy markets were directly impacted, with Brent oil prices rising 6% to surpass $75, reaching a year-high. Similarly, gold tested the $3,425 level amid rising demand for safe-haven assets. However, the cryptocurrency market reacted in the opposite direction.
Bitcoin initially saw a brief spike in the hours following the attack but soon faced strong selling pressure. The risk-averse behavior of investors, especially those in Asia and Europe, dragged Bitcoin's price down to $102.5K. Ethereum, Solana, and other major altcoins suffered losses ranging from 10% to 15%. Overall, the market witnessed a massive capital outflow totaling billions of dollars.