Overview

• Israeli airstrikes targeted Iranian nuclear facilities, ballistic missile factories and senior military commanders, prompting a pledge of harsh retaliation from Supreme Leader Ali Khamenei.
• Bitcoin fell over 4% to around $104,000 and Ethereum dropped 9.6%, contributing to more than $1.16 billion in liquidations driven largely by long positions.
• Gold climbed above $3,420 per ounce, its highest level in nearly two months, as investors sought traditional hedges against increased Middle East tension.
• The U.S. dollar rallied 0.6%, reversing a three-year low, while major altcoins including Solana, XRP and BNB also registered steep declines.
• Coinbase’s global head of research warned that corporations’ roughly $130 billion in bitcoin holdings could amplify market turmoil if forced into mass sell-offs.