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Israel and the United States carried out a joint attack on Iran early Saturday, marking a major escalation of regional tensions. Bitcoin hit the news in a big way, falling just below $63,000 and extending daily losses to nearly 7%.
Israeli Defense Minister Israel Katz described the operation as a “preemptive strike.” The Israeli government declared a state of national emergency, warning that Iran could respond with drones and ballistic missiles.
The American-Iranian war officially begins
According to CNN, the strike was coordinated between Washington and Jerusalem. Officials said the measure was aimed at addressing what they described as an immediate threat.
The details of the specific goals have not been fully revealed. The move comes after weeks of rising tensions between the United States and Iran. Washington yesterday designated Iran as a state sponsor of the false detentionaccusing Tehran of keeping American citizens as a political tool.
At the same time, the United States has increased its military presence in Israel, deploying advanced fighter jets and additional assets throughout the region.
Bitcoin collapses, wiping out weekly gains
Bitcoin fell sharply after the news of the strike. The digital currency fell more than 6% in 24 hours, falling to around $63,300.
That decline wiped out recent recovery attempts and extended the broader weakness over the past month. Traders appear to be reducing their risk exposure amid fears of a wider regional conflict.
If Iran responds directly to Israeli or American assets, the situation could escalate quickly. Energy markets are also on alert, given Iran’s strategic position in global oil routes.
