Israel airstrikes Iran, but your crypto wallet suffered even greater losses?
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Israel airstrikes Iran, but your crypto wallet suffered even greater losses?
Risk assets were broadly sold off.
Navigating Web3 tides with focused insightsBy Techhub News
On Thursday evening, Israel launched airstrikes against Iran, shaking global financial markets and triggering a sell-off in risk assets, with bitcoin prices falling sharply.
Here are three key points you need to know about your investments:
1. Bitcoin dropped 5% early Friday to $102,900 following Israeli airstrikes near Tehran and Tabriz.
2. Escalating tensions in the Middle East have driven safe-haven flows into gold, sending spot gold soaring to $3,429.
3. U.S. officials say they are closely monitoring the situation, while oil and stock futures prices declined in tandem.
Israel's airstrikes on Iranian military targets have intensified regional tensions in the Middle East, leading to broad-based selling of risk assets. On Friday morning, the price of bitcoin fell more than 5%. According to TradingView data, the world’s largest cryptocurrency dropped from a 24-hour high of $108,500 to $102,900.
Israeli authorities confirmed that the airstrikes targeted Iranian military facilities near Tehran and Tabriz, describing the operation as a "preemptive" response to "growing threats." During a press conference on Thursday, Israeli Prime Minister Benjamin Netanyahu stated that Iran's nuclear ambitions pose a "clear and present danger," adding that preemptive actions would "continue for several days until the threat is eliminated."
Iran has not yet issued an official response, but state media reported explosions in affected areas and disruptions to air traffic. Prior to the strikes, Israeli defense officials held high-level talks with the U.S. Department of Defense. Washington refrained from making explicit comments on the airstrikes, only stating it is closely watching developments.
Ryan McMillin, Chief Investment Officer at crypto fund manager Merkle Tree Capital, told Decrypt: "The latest escalation in tensions between Israel and Iran is impacting risk assets and the oil market—but this is something we've seen before. A similar incident in April 2024 triggered a weekend selloff in crypto markets, but prices quickly rebounded once the situation de-escalated. These moments often present good buying opportunities."
Jamie Coutts, Chief Crypto Analyst at Real Vision, echoed the sentiment, noting that while bitcoin remains a risk-on asset among short-term traders, long-term institutional positioning is increasingly shaping its trajectory. He said: "That explains why bitcoin may fluctuate with risk assets in the short term, but outperforms gold over the long run."
In the meantime, spot gold surged to $3,429 on safe-haven demand, while U.S. futures prices declined as investors worried about broader regional conflict risks.
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