Bitcoin

This event aligns with a period of extreme fear (F&G 25) and bearish sentiment across crypto, where macro fears (inflation, rate hikes) already dominate. A tangible geopolitical flashpoint could accelerate risk-off positioning, but also test Bitcoin's narrative as a non-sovereign hedge—historically, BTC has initially sold off on such shocks before recovering as a safe haven.

A missile struck the oil tanker Skylight in the Strait of Hormuz at the start of the Iran war, as recounted by a crew member.