Bitcoin

The conflict disrupts global energy supply chains (naval blockade on Iranian ports) and heightens inflationary pressures, which historically have been a double-edged sword for crypto: short-term panic selling often gives way to longer-term demand for decentralized stores of value. However, the current macro backdrop of extreme fear (Fear & Greed 25) and high BTC dominance suggests capital is already defensive, limiting upside from a 'safe haven' narrative.

The United States launched strikes against Iran, with bombings reported in multiple Iranian locations, and Iran retaliated with attacks in Jordan, Kuwait, and Bahrain, alongside the resumption of the US naval blockade on Iranian ports.

US Strikes on Iran Trigger Crypto Sell-Off as Naval Blockade Threatens Global Hash Rate

US naval blockade on Iranian ports could trigger a temporary global hash rate drop as Iranian mining operations face hardware and logistics disruptions