Bitcoin

Geopolitical shocks in the Middle East historically cause brief crypto sell-offs followed by recovery, but the current low-liquidity environment could amplify any move. The event also raises the specter of higher oil prices, which could feed into inflation expectations and influence the Fed's rate stance—a key macro driver for Bitcoin's risk-asset correlation.

Israel conducted an airstrike in Beirut targeting a senior Hezbollah figure, the first such strike since mid-April.

Israel Strikes Beirut for First Time Since Ceasefire, Crypto Markets Take It in Stride

Beirut strike actually lowers odds of full-scale Iran war, making it a net positive for crypto risk appetite